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8455 NW Pit Stop Ct
Concord, NC 28027
Promenade Shops at Concord · Retail Property For Sale
Investment Highlights
- Strong Demographics | Population over 52K people within a 3-mile radius with an average household income of over $109K
- Economic Drivers | Concord-Padgett Regional Airport (181 flights/day), Cox Mill School (1,997 students), Lowe's Motor Speedway ($451M economic impact)
- Embedded Rent Growth | 100% of the rent roll has annual increases of 2.8% or greater in the first year of the analysis period
- Nearby Economic Drivers | Within 5-miles of Concord Mills Mall (10.9M visitors/yr), Hendrick Motor Sports HQ (561 employees)
- Retail Corridor | Concord Mills Blvd provides access to Concord Mills Mall home to Bass Pro, Best Buy, Dick's Sporting Goods, Nike, and more
- High Traffic Counts | Concord Mills Blvd (38,000 VPD) and less than a mile from I-85 (137,000 VPD)
Property Facts
Property Type
Retail
Property Subtype
Building Size
15,929 SF
Building Class
B
Year Built
2008
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
2.08 AC
Zoning
C-2
Parking
101 Spaces (6.39 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
Property Taxes
| Parcel Number | 4589-55-5794-0000 | Improvements Assessment | $2,608,780 |
| Land Assessment | $3,470,610 | Total Assessment | $6,079,390 |
Property Taxes
Parcel Number
4589-55-5794-0000
Land Assessment
$3,470,610
Improvements Assessment
$2,608,780
Total Assessment
$6,079,390
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