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517 Wilshire Ave SW

6,000 SF Retail Building Concord, NC 28025 £811,542 (£135/SF) 7% Net Initial Yield

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Investment Highlights

Corner Lot
Well established Lock/Security Business EST. 1980

Easy access to HWY 601
Flexible Buidling

Executive Summary

We are pleased to present this sale-leaseback investment in Concord, NC. CPSL, the tenant, is well established and has been in the lock and security business since 1980. The property will be sold with a fresh 7 year term and is absolute NNN. This lease rate has 2% escalators beginning on year 4 and will continue to bump up by 2% every year after. This flex building is very versatile with three grade level roll ups across the front and one on each end. Finished office space and located on the hard corner of Zion Church Rd. and Wilshire Ave.

517 Wilshire Ave Flyer

Aerial

517 Wilshire Ave. SW - A1 (overlay)