Retail Space - For Sale
3050 Derita Road Concord, NC 28027
Details & Description
Price: $5,907,200
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 1.470
  • Building Sq Ft 11,236
  • Building Price per Sq Ft $525.74
  • Land Sq Ft 64,033
  • Land Price per Sq Ft $92.25
New Construction, 100% leased center with long-term triple net leasesEstablished Submarket with excellent growth – 36% Growth in last 9 years and 11% projected growth in the next 5 yearsCenter is 100% comprised of Businesses that are considered Essential Retailers and have been able to remain open during the Covid-19 shutdownDensely Populated Area (Over 50,000 people in 3-mile Radius)Affluent sub-market of Charlotte, NC (Average Household income over $102,000 in 3-mile Radius)Perfect synergy and shared access with Christenbury Corners, a very prominent shopping center featuring national retailers such as Kohls, Earth Fare, Pet Supplies Plus, McDonalds, Circle K, Bad Daddy’s, First Watch, Aspen Dental and moreStrategic Location – Close proximity to Concord Mills Mall (1.36M SF shopping mall that attracts 17.6 million visitors per-year), Great Wolf Lodge, and Charlotte Motor SpeedwayTremendous Traffic Counts – 21,500 VPD on Concord Mills Blvd and 33,810 VPD on Derita Rd (estimate after road widening)Shops on Derita services the Highland Creek community – One of the state’s largest master planned communities with over 4,400 homes and 14,000 people across two countiesThe Highland Creek community features single family homes ranging from $250,000 to $650,000 and includes a golf course, 5 community pools, and numerous parks and playgrounds
Listing Agents
Sam Young

O: 980-498-3292
syoung@atlanticretail.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

3050 Derita Road

Concord, NC 28027

Listing ID: 210851
$5,907,200
For Sale
  • Property Type Retail for Sale : Shopping Center
  • Lot Size Acres 1.470
  • Building Sq Ft 11,236
  • Building Price per Sq Ft $525.74
  • Land Sq Ft 64,033
  • Land Price per Sq Ft $92.25
  • 3050 Derita Road Concord, NC 28027 | for Sale | Photo 1
  • 3050 Derita Road Concord, NC 28027 | for Sale | Photo 2
  • 3050 Derita Road Concord, NC 28027 | for Sale | Photo 3
3050 Derita Road | for Sale | Thumbnail 1
3050 Derita Road | for Sale | Thumbnail 2
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Description

New Construction, 100% leased center with long-term triple net leases

Established Submarket with excellent growth – 36% Growth in last 9 years and 11% projected growth in the next 5 years

Center is 100% comprised of Businesses that are considered Essential Retailers and have been able to remain open during the Covid-19 shutdown

Densely Populated Area (Over 50,000 people in 3-mile Radius)

Affluent sub-market of Charlotte, NC (Average Household income over $102,000 in 3-mile Radius)

Perfect synergy and shared access with Christenbury Corners, a very prominent shopping center featuring national retailers such as Kohls, Earth Fare, Pet Supplies Plus, McDonalds, Circle K, Bad Daddy’s, First Watch, Aspen Dental and more

Strategic Location – Close proximity to Concord Mills Mall (1.36M SF shopping mall that attracts 17.6 million visitors per-year), Great Wolf Lodge, and Charlotte Motor Speedway

Tremendous Traffic Counts – 21,500 VPD on Concord Mills Blvd and 33,810 VPD on Derita Rd (estimate after road widening)

Shops on Derita services the Highland Creek community – One of the state’s largest master planned communities with over 4,400 homes and 14,000 people across two counties

The Highland Creek community features single family homes ranging from $250,000 to $650,000 and includes a golf course, 5 community pools, and numerous parks and playgrounds

Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
Charlotte History of Retail Space for Sale

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Concord Area Market Trends

Listing Demographics for 3050 Derita Road Concord, NC 28027

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population4,19746,183130,038
Population Median Age353535
Population by Age0-9 Yrs534 (12%)6127 (13%)15888 (12%)
10-19 Yrs660 (15%)7254 (15%)19033 (14%)
20-29 Yrs482 (11%)5378 (11%)22195 (17%)
30-39 Yrs680 (16%)6864 (14%)20001 (15%)
40-49 Yrs807 (19%)8615 (18%)19950 (15%)
50-59 Yrs450 (10%)5741 (12%)15617 (12%)
60-69 Yrs366 (8%)3536 (7%)10078 (7%)
70+ Yrs217 (5%)2669 (5%)7276 (5%)
Median HH Income$79,011$82,508$74,074
Total Household Income< 24K198 (12%)1495 (8%)5728 (11%)
25-49K358 (21%)3240 (18%)9516 (19%)
50-74K224 (13%)3156 (18%)9341 (19%)
75-99K259 (15%)2812 (16%)7598 (15%)
100-199K456 (27%)5014 (28%)12503 (25%)
200K+148 (9%)1754 (10%)3895 (8%)
Highest Education LevelNo Diploma10412233798
Diploma or GED281345811605
Some College625596117032
Assoc. Degree26229707923
Bachelors Degree9221064827643
Higher Degree609613215345
Total Housing Units1,76018,84252,536
--Owner-Occupied95911,54529,364
--Renter-Occupied6835,92519,216
Owner-Occupied Values< 100K404691399
100-199K23630769624
200-299K337445710421
300-399K19222234912
400-499K877911632
500K+695291377
Total Working Age Population3,25935,020103,273
In Work Force2,38525,33673,105
Not In Work Force8749,68430,168
Workforce Employed2,24524,26170,166
Workforce Unemployed1349832,770
Civlian Workforce2,37925,24472,936
Military Workforce692169
Total Households1,64317,47148,581
Family Households1,16111,64330,739
Non-Family Households4825,82717,841
Married Couple8179,09724,131
Other Family3442,5466,608
Married w/Child4575,14311,697
Single Male w/Child44307931
Single Female w/Child1911,3522,870

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
North Carolina8,049,313+189,535,483+1110,630,691+1111,836,070
Cabarrus County131,063+36178,011+22216,608+20259,075
Mecklenburg County695,454+32919,628+231,131,342+191,348,822

Total Working Age Population:

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Closest Commercial Airports
Airport Distance (mi)
Charlotte Douglas International Airport (CLT) 16
Piedmont Triad International Airport (GSO) 67
Greenville Spartanburg International Airport (GSP) 90
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