Concord, North Carolina, offers a diverse range of Retail Properties For Sale, making it an attractive investment opportunity for those looking to capitalize on the city's strong retail sector. With a rich history in trade and retail, Concord has evolved into a hub for shopping and commerce, driven by its strategic location and excellent infrastructure. Retail Properties in Concord can represent a variety of investments, from strip centers and shopping plazas to freestanding retail buildings and restaurants. These properties often benefit from the city's high foot traffic, thanks to popular attractions like Concord Mills and the Charlotte Motor Speedway. Concord's amenities, including Atrium Health, Cabarrus Arena & Events Center, and West Cabarrus YMCA, also contribute to its appeal as a desirable location for businesses and residents alike. Additionally, the city's educational institutions, such as Rowan Cabarrus Community College and Cabarrus College of Health Sciences, provide a skilled workforce, further enhancing the area's investment potential. With its unique blend of history, infrastructure, and amenities, Concord is an ideal location for Retail Property investments.
Concord's Retail Properties For Sale offer a unique opportunity to tap into the city's strong retail market, with 10 listings available. The city's retail sector is supported by its proximity to Charlotte, as well as its own local economy, driven by major employers like Atrium Health, Cabarrus County Schools, and Shoe Show, Inc. In addition to Retail Properties, Concord also offers a range of other property types, including Shopping Centers, which benefit from the city's high foot traffic and tourist attractions; Restaurants, which cater to the city's diverse population and visitors; Office Properties, which serve the needs of local businesses and corporations; and Hotels, which provide accommodations for tourists and travelers. With its diverse economy and strong infrastructure, Concord is an attractive location for a variety of property investments.
What is the average cap rate for retail properties in Concord?
For investors seeking retail properties in Concord, it's essential to understand the average cap rate, which currently stands at 6.59%. To put this into perspective, a cap rate represents the rate of return on investment based on the property's net operating income and value, and you can learn more about how it's calculated in our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Concord, North Carolina, the location and foot traffic of retail properties significantly impact their values. Properties situated in high-traffic areas, such as those near Concord Mills, the Charlotte Motor Speedway, or along major roads like Interstate 85 and US Highway 29, tend to command higher prices due to their visibility and accessibility, with an average price per square foot of $301 USD and an average size of 7,692 square feet.
