Christenbury Pkwy and Herrons Nest Pl NW

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Christenbury Pkwy and Herrons Nest Pl NW

Concord, NC 28027
Asking Price
$9.68M
Asset Type
Retail
Class
Class B

What's Special

This prime retail location is situated at the intersection of Christenbury Parkway and Herrons Nest Place NW in Concord, North Carolina. Positioned within a high-growth corridor, the site sits adjacent to the master-planned Christenbury community and is roughly two miles from the Concord Mills shopping district. The surrounding neighborhood is characterized by modern residential developments and professional office parks. Immediate area amenities include a mix of established grocery anchors, quick-service restaurants, and fitness centers. Access to the site is supported by proximity to I-85 and Highway 29, providing connectivity to the broader Charlotte metropolitan area. The property is well-suited for neighborhood-serving retail, boutique fitness studios, or professional service firms such as insurance agencies and medical clinics. Given the demographic profile of the surrounding suburban population, the site is ideal for tenants seeking visibility among local commuters and residents. Typical occupants would include franchised service providers, specialty retailers, or neighborhood cafes that benefit from daily neighborhood traffic. The layout supports multi-tenant configurations or a single-user flagship location.

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NOI
$80,000
Cap Rate
0.83%
DSCR
0.14
Underwater
Cash-on-Cash
-17.03%
Monthly Payment
$47,884.669
Annual Cash Flow
$-494,616.033

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