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 high-traffic commercial corridor in Concord, North Carolina, positioned near the intersection of Derita Road and Concord Parkway North. The neighborhood is characterized by a mix of established industrial parks, suburban residential developments, and active retail hubs. The property offers convenient access to major transportation arteries, located less than five miles from Interstate 85 and the Concord-Padgett Regional Airport. Nearby amenities include various dining options, automotive services, and high-volume national retailers at the adjacent Concord Commons shopping center. The property is suited for retail operators seeking high visibility and consistent daily traffic counts. Ideal use cases include convenience services, specialty showrooms, or quick-service restaurant concepts that benefit from the surrounding workforce and commuter flow. The typical tenant profile includes localized service providers, franchise operators, or boutique retailers looking to leverage the area’s growing population density and proximity to the Charlotte Motor Speedway district. The layout supports businesses requiring flexible floor plans and prominent exterior signage opportunities.

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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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