608 Church Street N

608 Church Street N,
Concord, NC 28025

 

$425,000
Price
$30,951
NOI
7.28%
Cap Rate
$330
Price Per SF
1,288
Building SF
.22
Land Acres
$425,000
Price
$30,951
NOI
7.28%
Cap Rate
$330
Price Per SF
1,288
Building SF
.22
Land Acres

Investment Highlights

  • The investment produces an NOI of $30,951, which results in an 7.28% cap rate. The tenant is responsible for all building maintenance and utilities, creating a lease structure that minimizes ownership responsibilities and operating expense exposure.
  • With a stable tenant, clean income stream, and a location supported by strong traffic and regional employment, 608 Church Street N offers a straightforward way to deploy capital into a retail property in one of North Carolina’s most active secondary markets.

This asset is well suited for investors seeking:

  • Passive income with minimal landlord obligations
  • Small retail properties with strong tenant fundamentals
  • Exposure to the Charlotte and Concord growth corridor

Cabarrus County

  • Cabarrus County offers a prime logistical advantage for commercial real estate investors, with immediate access to major interstates including I-85 (running directly through the county), I-485 (just 2 miles from Concord), and I-77 nearby. The area is also supported by two regional airports—Concord-Padgett Regional and Charlotte Douglas International Airport—within a short drive. These transit connections enable efficient regional and national distribution and make the county a magnet for logistics and advanced manufacturing operations.
  • With an estimated population of 240,016 as of 2023, up nearly 15,000 from 2020, Cabarrus County is one of the fastest-growing counties in North Carolina and now ranks 9th in total population. This growth fuels demand for housing, services, retail, and healthcare. The area’s workforce is bolstered by nearby higher education institutions and vocational training programs focused on skilled trades, advanced manufacturing, and healthcare, making it a ready-made market for employers and developers.
  • Tourism and entertainment are booming in Cabarrus County, thanks to destinations like Charlotte Motor Speedway, Concord Mills Mall, and Great Wolf Lodge. Historical attractions and abundant outdoor recreation also attract both visitors and residents. With this influx of foot traffic and continued residential growth, the area presents a compelling case for retail, hospitality, and mixed-use developments that cater to both locals and tourists year-round.

Concord, NC

  • With an estimated population of 113,371 as of 2024, up nearly 8% since 2020, Concord is the most populous city in Cabarrus County and the second-largest in the Charlotte metro area. Its growing, affluent population (median household income: $82,262) and rising home values ($374,700 median) signal strong demand for residential services, retail, and professional services.
  • Concord supports a well-rounded economy across healthcare, advanced manufacturing, education, technology, motorsports, and logistics. Major employers include Atrium Health, Cabarrus County Schools, Celgard LLC, and Roush Fenway Racing. The presence of these economic anchors ensures long-term employment stability and supports daily foot traffic and service needs.
  • Interstate 85 runs directly through Concord, while I-485 is just 2 miles away, offering seamless connections to Charlotte and the broader Southeast. Concord-Padgett Regional Airport is North Carolina’s 4th busiest, and Charlotte Douglas International is only 30 minutes away. The Rider transit system adds local mobility and express routes into Charlotte.
  • Tourism and retail are major contributors to Concord’s economic vibrancy. Charlotte Motor Speedway and Concord Mills rank among the top attractions in the state, while Great Wolf Lodge attract families, events, and recurring traffic. With over 20 notable dining and entertainment venues, a growing trail network, and a year-round event calendar, the city provides a high-energy environment.
FOR MORE DETAILS CONTACT
Jim Pryor
Managing Partner
(704) 620-8745
jim@ardorcre.com
NC 300373 SC 105555