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34357015
34357014

1032 Central Dr NW, Concord, NC 28027, Concord, NC 28027 For Sale

JC
NC 312455
Century 21 Triangle Group - Flanagan CRE Team
PF
NC 295126
Century 21 Triangle Group - Flanagan CRE Team
Listed by Century 21 Triangle Group - Flanagan CRE Team
$2,600,000
8 days on market
Updated 3 days ago

CENTRAL DR CONCORD NC 28027

Details
APN 56119752330000
Property Type Office, Industrial
Sub Type Traditional Office, Flex (+1)
Square Footage 15,980
Cap Rate 5.68%
NOI $147,592
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 6.14%
Pro-Forma NOI $159,745
Price per SqFt $163
Class A
Year Built 1998
Buildings 1
Stories 1
Acreage 1.150
Zoning I-1
Ground Lease No
Loading Docks 3
Dock High Doors 3

Multi-Tenant Industrial Investment Opportunity

Marketing description

Stabilized Multi-Tenant Industrial Investment | $160,888 Proforma NOI | Concord, NC

Stabilized multi-tenant industrial investment opportunity in one of Cabarrus County's most established industrial corridors. The property is 100% occupied by three established tenants and generates approximately $159,745 Proforma annual Net Operating Income (NOI), providing immediate, predictable cash flow for investors. The diversified tenant mix helps reduce vacancy risk while offering stable long-term income. The property consists of approximately 15,980 square feet on ±1.15 acres and is strategically located just minutes from Interstate 85, providing excellent connectivity to Charlotte, Concord, Kannapolis, and the surrounding industrial markets. The location offers convenient access to major transportation routes, labor pools, and regional distribution networks.

This is an excellent opportunity for investors seeking a stabilized industrial asset with in-place income, strong market fundamentals, and continued demand for industrial space throughout the Charlotte MSA.

Investment highlights

  • 100% Occupied
  • Three In-Place Tenants
  • Proforma 2026 NOI: $159,745 CAP 6.14
  • ±15,980 SF Industrial Building
  • ±1.15 Acres
  • I-1 Industrial Zoning
  • Established Multi-Tenant Investment
  • Excellent Access to I-85
  • Strong Charlotte-Concord Industrial Market
  • Immediate Cash Flow

Listing Contacts

JC
NC 312455
Century 21 Triangle Group - Flanagan CRE Team
PF
NC 295126
Century 21 Triangle Group - Flanagan CRE Team
Listed by Century 21 Triangle Group - Flanagan CRE Team

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$147,592.00
$12,299.33/mo

Valuation Metrics

0
DSCR
5.68%
Cap Rate
5.68%
ROI

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Additional Information

Name
Jose Cruz
License
312455
Brokerage Phone
9842398452
Name
Pat Flanagan
License
295126
Brokerage
Century 21 Triangle Group
Brokerage Phone
9193023298
Title
Commercial Broker
Brokerage Address
1111 Haynes Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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