www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
20914767
20914766

1875 Teachers House Rd NW, Concord, NC 28027

KM
NC 182634, SC 59314
Atlas Realty Group
Listed by Atlas Realty Group
$5,175,360
546 days on market
Updated 106 days ago

Mona @ Odell Corners

Details
APN 468159703400000
Property Type Retail
Sub Type Shopping Center
Square Footage 9,990
Net Rentable (SqFt) 9,990
Units 2
Cap Rate 6.00%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Term 7
Remaining Term 7
Rent Bumps Yes
Lease Options two 5 year
Pro-Forma Cap Rate 6.25%
Pro-Forma NOI $323,460
Price per SqFt $518
Broker Co-Op Yes
Class A
Year Built 2024
Buildings 1
Stories 1
Acreage 1.040
Zoning PUD
Parking Spaces 40 per 1,000 sq ft
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/01/2025
Occupancy Date 02/01/2025

New Construction with Medical Corporate Lease and Dental Lease

Marketing description

Kathy McCarthy and Alison Robertson of Atlas Realty Group are pleased to present for sale Mona At Odell Corners, a new construction site with two high-demand medical and dental service tenants. Site is located directly across from the W.R. Odell Elementary School rated in the top 5% of all public schools in North Carolina.

Investment highlights

  • Corporate medical tenant and dental service tenant. 100% Leased

  • Built in 2024 with a corporate medical 7 year NNN lease and a dental 10 year NNN lease with 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.

  • High Income Trade Area with a Median HHI $123,600 and expected Growth Income of 14% in the next 3 years.

  • Concord is just 30 minutes out from Charlotte that is home to 18 Fortune 500 companies.

  • 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.

Listing Contacts

KM
NC 182634, SC 59314
Atlas Realty Group
Listed by Atlas Realty Group

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591