1951 Derita Rd

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1951 Derita Rd

Concord, NC 28027
Asking Price
$2.50M
Asset Type
Retail
Class
Class B

What's Special

1951 Derita Road is situated in a growing commercial corridor in Concord, North Carolina, positioned near the intersection with Poplar Tent Road. The neighborhood features a mix of established residential subdivisions and light industrial facilities. The property offers proximity to the Concord Mills retail district and various local dining and service amenities. Transportation access is supported by its location less than three miles from Interstate 85, providing a direct connection to the greater Charlotte metropolitan area and the nearby Concord-Padgett Regional Airport. The site is well-suited for neighborhood-serving retail, professional office space, or service-oriented businesses. Ideal tenants include neighborhood convenience providers, specialty boutiques, or medical clinics seeking visibility in a transition zone between residential and commercial hubs. The local demographic profile supports businesses catering to suburban commuters and nearby industrial workforces. Professional services such as insurance agencies or fitness studios would also benefit from the property’s accessibility and regional positioning within Cabarrus County.

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

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