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Davidson Highway & Odell School Rd
Concord, NC 28027
Mona at Odell Corners · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate Medical tenant with 7 year NNN lease and Dental tenant with 10 year NNN leasewith 10% escalations every 5 years.
- Family centered area with over 4,000 K-12 students within 2 miles and 108,000 residents within 5 miles.
- part of a 23 Acre master planned multi use development featuring 101 Pulte Townhomes alongside several residential developments
- High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years
- Odell Corners is located directly across from the W.R. Odell Elementary School rated in the top 5% of all public schools in North Carolina.
- Concord is just 30 minutes out from Charlotte that is home to 18 Fortune 500 companies.
EXECUTIVE SUMMARY
• Corporate-backed lease covers 80% and Personal Guaranty covers balance for medical and dental tenants
• Attractive yield with minimal operational risk. Built in 2024 with a corporate medical 7 year NNN lease and a dental 10 year NNN lease
• Family centered area with over 4,000 K-12 students within 2 miles and 108,000 residents within 5 miles.
• High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years.
• Mona at Odell Corners is part of a 23 acre master planned development and it is across from W.R. Odell Elementary School which is rated top 5% of all public schools in
North Carolina.
• Concord is the second largest city in Cabarrus County and is the County Seat.
• Attractive yield with minimal operational risk. Built in 2024 with a corporate medical 7 year NNN lease and a dental 10 year NNN lease
• Family centered area with over 4,000 K-12 students within 2 miles and 108,000 residents within 5 miles.
• High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years.
• Mona at Odell Corners is part of a 23 acre master planned development and it is across from W.R. Odell Elementary School which is rated top 5% of all public schools in
North Carolina.
• Concord is the second largest city in Cabarrus County and is the County Seat.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Building Size
9,990 SF
Building Class
B
Year Built
2024
Price
$5,175,360
Price Per SF
$518.05
Cap Rate
6.25%
NOI
$323,460
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.03 AC
Zoning
PUD - Planned Unit Development
Parking
40 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
PROPERTY TAXES
| Parcel Number | 4681-59-7034-0000 | Improvements Assessment | $1,055,570 |
| Land Assessment | $570,810 | Total Assessment | $1,626,380 |
PROPERTY TAXES
Parcel Number
4681-59-7034-0000
Land Assessment
$570,810
Improvements Assessment
$1,055,570
Total Assessment
$1,626,380
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