Sherwin Williams and Maple Street Biscuit · 20 . FOURTH STREET INSTON-SALEM, NORTH CAROLINA 27101...
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206 W. FOURTH STREET · WINSTON-SALEM, NORTH CAROLINA 27101 · 336.724.1715 · LTPCOMMERCIAL.COM Sherwin Williams and Maple Street Biscuit CONCORD, NC INVESTMENT OPPORTUNITY FOR SALE Investment opportunity in one of the highest profile retail corridors in North Carolina with two long-term tenants. Property is 100% occupied by Sherwin-Williams and Maple Street Biscuits on the corner of Christenbury Parkway and Derita Road, adjacent to Concord Mills Mall. Above average median HH income and growth in the trade areas, as well as easy access to I-85 and surrounding hotels make this a prime opportunity. TO LEARN MORE ABOUT THIS PROPERTY, OR REQUEST FULL OFFERING MEMORANDUM, CONTACT: Nick Gonzalez E [email protected] M 305.979.3440 P 336.724.1715 FULL OFFERING MEMORANDUM AVAILABLE UPON REQUEST: [email protected]
Transcript of Sherwin Williams and Maple Street Biscuit · 20 . FOURTH STREET INSTON-SALEM, NORTH CAROLINA 27101...
206 W. FOURTH STREET · WINSTON-SALEM, NORTH CAROLINA 27101 · 336 .724 .17 15 · LTPCOMMERCIAL .COM
Sherwin Williams and Maple Street BiscuitCONCORD, NC
INVESTMENT OPPORTUNITY FOR SALE
Investment opportunity in one of the highest profile retail corridors in North Carolina with two long-term tenants. Property is 100% occupied by Sherwin-Williams and Maple Street Biscuits on the corner of Christenbury Parkway and Derita Road, adjacent to Concord Mills Mall. Above average median HH income and growth in the trade areas, as well as easy access to I-85 and surrounding hotels make this a prime opportunity.
TO LEARN MORE ABOUT THIS PROPERTY, OR REQUEST FULL OFFERING MEMORANDUM, CONTACT:
Nick Gonzalez
E [email protected] 305.979.3440P 336.724.1715
FULL OFFERING MEMORANDUMAVAILABLE UPON REQUEST:
NICK@LTPCOMMERCIAL .COM
206 W. FOURTH STREET · WINSTON-SALEM, NORTH CAROLINA 27101 · 336 .724 .17 15 · LTPCOMMERCIAL .COM
SITE
• Largest shopping destination in NC• 200 stores / 19+ eateries• Attractions include: AMC/IMAX movie
theatre, Dave & Busters, Sea-Life Aquarium and Concord Speed Park
25,000 VPD
CONCORD MILLS BLVD
43,000 VPD
12,0
00
VPD
DER
ITA
RO
AD
10,0
00
VPD
I-85
10
0,000 V
P
2,010 HOTEL ROOMS, VARIOUS BRANDS
ARDMORE KING’S GRANT APARTMENTS
BEXLEY VILLAGE AT CONCORD MILLS
APARTMENTS
BEXLEY SQUARE AT CONCORD MILLS
APARTMENTS
• One of the highest profile super regional retail corridors in NC
• Adjacent to Concord Mills, 1.4 million sf outlet mall with 17.4 million annual visitors (NC’s top tourist destination)
• Above average median HH income and growth in the trade areas
• Easy access to I-85, less than 1 mile from the new I-485 interchange
• New construction
• 100% Occupied with two tenants with Long Term 10 year new leases
• Investment Grade Credit:• Corporate Guarantor: Sherwin Williams (SHW)• Sherwin-Williams Rated “A” by S&P
1 MILE 3 MILES 5 MILES
Population 6,429 46,458 121,145
Households 2,487 16,818 45,805
Average Income $103,072 $103,244 $89,168
PROPERTY OVERVIEW
AddressChristenbury Pkwy & Derita Road (Concord Mills Blvd)
Sales Price $3,452,800
NOI $215,799.96
Cap Rate 6.25%
Rentable SF 6,400sf
Roof Sloped Membrane
Year Built 2018
Lot Size 1.25 acres
Tenants Sherwin Williams, Maple Street Biscuit
