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1951 Derita RdConcord, NC 28027

14,590 SF Daycare, Net Lease, 7+ Years Remaining

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a ±14,590 square foot, single-tenant daycare center located at 1951 Derita Rd, Concord, NC, 28027. The property sits on a 2.51-acre lot and features 35 parking spaces. Currently operating at 100% occupancy since January 1, 2022, the daycare has a strong lease in place with a net lease structure and a remaining term of approximately 7.1 years. The lease commenced January 1, 2022, and includes a 10-year renewal option. Annual rent bumps are set at 1.8%. The building, constructed in 1997, is a single-story structure with LI zoning. Recent capital improvements include repaving and reconfiguration of the parking lot and access loop, minimizing future capital expenditures for the new owner. The daycare currently enrolls approximately 175 students and benefits from its convenient location near Concord Airport, Oakmont Business Parks, Concord Mills, and I-85, ensuring continued high demand. The property's parcel number is 4680-70-8273-0000. This presents a stable, long-term investment opportunity with a proven track record.

Highlights

  • ±14,590 SF single-tenant daycare center on a 2.51-acre lot in Concord, NC.
  • 35 parking spaces and LI zoning.
  • 100% occupancy since January 1, 2022, with a strong, net lease (7.1 years remaining, 10-year renewal option, 1.8% annual rent bumps).
  • Built in 1997; recent parking lot improvements minimize future capital expenditures.
  • Excellent location near Concord Airport, Oakmont Business Parks, Concord Mills, and I-85.

Property Details for 1951 Derita Rd

Property type
Day care centers & nurseries, Retail properties
Square Feet
14,590 SF
Year Built
1997
Buildings
1
Stories
1
Lot Size (sq. ft)
109,336 SF

Location Insight

City
Concord
County
Cabarrus
State
North Carolina
Latitude
35.3869184
Longitude
-80.7183578
1951 Derita Rd, Concord, North Carolina

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1951 Derita Rd
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