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| Price $3,335,891 | Built/Renov 1996 | Tenant United Refrigeration |
| Cap Rate 6.25% | Lease Type
Double NN | Guarantor Corporate |
| Size/SF
13,753
| Lease Start
04-01-2023
| #Units
400
|
| Price/SF $242.56 | Expiration
04-30-2030
| Tenant Type Industrial |
| NOI $208,493 | R. Term 4.10 | Ownership Fee Simple |
| Rent/SF
$15.16
| Increases 3.8%/1/yrs | Pop 5Mi 104,268 |
| Lot/AC 2.25 | Options 0/0yrs | AHHI 5Mi $84,836 |
| | |
United Refrigeration is strategically located on Executive Park Drive NE, just off Concord Lake Road, with access to 18,000 vehicles passing by daily. This location is adjacent to Interstate 85, a significant thoroughfare that connects Charlotte to Greensboro, boasting a substantial daily traffic count of 76,000 vehicles. Neighboring industrial tenants include Airgas, Excalibur Wheels, BMS...
...In location for years
Near major nationals
Strategically located
Freeway visibility
Top 100 MSA
Strong demographics
Long operation history
Annual rent increases
Corporate Guarantee
Over 100 Units backed
United Refrigeration Inc. has evolved into one of the foremost distributors of refrigeration, air conditioning, and heating parts and equipment in North America. Offering a wide array of top...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,922 | 47,661 | 110,411 |
| 2023 Total Population : | 3,719 | 45,477 | 104,268 |
| 2023 Employed Civilian Pop : | 1,655 | 21,031 | 49,501 |
| 2023 Total Businesses : | 601 | 2,124 | 3,911 |
| 2023 Average Household Income : | $ 78,456 | $ 76,219 | $ 84,836 |
| 2023 Total Consumer Spending : | $ 113 M | $ 1205 M | $ 3029 M |
| 2023 Median Age : | 41 | 38 | 39 |
| 2023 Total Households : | 1,655 | 18,075 | 40,934 |
| 2023 Pop Age 25+: Bachelor's Degree : | 314 | 5,641 | 13,259 |
| 2023 Average Home Value : | $ 361,256 | $ 283,692 | $ 286,584 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| I-85 | Concord Lake Rd | 2020 | 76,000 | 0.17 mi |
| Copperfield Blvd NE | Progress Pl NE | 2018 | 19,500 | 0.29 mi |
| Concord Lake Rd | I- 85 | 2016 | 18,000 | 0.30 mi |
| NC 3 | Skyway Dr | 2020 | 12,500 | 0.41 mi |
| Concord Lake Rd | Grove St | 2018 | 16,000 | 0.48 mi |
| Branchview Dr NE | Lee-Ann Dr NE | 2018 | 22,000 | 0.48 mi |
| Lake Concord Rd NE | Kingsport Dr NE | 2016 | 17,000 | 0.56 mi |
| Mount Olivet Rd | Pennsylvania Ave | 2018 | 6,600 | 0.57 mi |
| US 601 | S Cannon Blvd | 2021 | 3,400 | 0.58 mi |
| US 601 | I- 85 | 2021 | 3,600 | 0.63 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
