609-617 church st n...2019 median hh income $41,522 $47,527 $53,097 2019 average hh income $58,730...
TRANSCRIPT
OFFERING MEMORANDUM
609-617 Church St N 609-617 Church St NConcord NC 28205
609-617 Church St N Investment Summary | 02
OFFERING SUMMARYADDRESS 609-617 Church St N
Concord NC 28205
COUNTY Cabarrus
LAND SF 40,075 SF
YEAR BUILT 1920
APN 5621-43-3950-0000
FINANCIAL SUMMARYOFFERING PRICE $1,200,000
PRICE PSF $96.90
DEMOGRAPHICS 1 MILE 3 MILE 5 MILE2019 Population 8,259 42,498 95,116
2019 Median HH Income $41,522 $47,527 $53,097
2019 Average HH Income $58,730 $64,803 $70,829
Cap Rate: 6.21%
NOI: $74,520
Prime investment property on Church Street in Concord, NC.High traffic count, close to downtown Concord and NortheastMedical Center.
609-617 Church St N Property Features | 03
PROPERTY FEATURESNET RENTABLE AREA (SF) 12,384
LAND SF 40,075
LAND ACRES 0.92
YEAR BUILT 1920
ZONING TYPE C-2
NUMBER OF PARKING SPACES 18
609-617 Church St N Aerial Map | 04
609-617 Church St N Demographics | 05
POPULATION 1 MILE 3 MILE 5 MILE
2000 Population 7,737 37,672 72,095
2010 Population 7,879 39,933 83,479
2019 Population 8,259 42,498 95,116
2024 Population 8,582 44,723 101,947
2019 African American 2,021 11,010 21,389
2019 American Indian 34 185 380
2019 Asian 52 380 1,000
2019 Hispanic 1,882 8,079 14,393
2019 Other Race 1,330 4,965 8,559
2019 White 4,574 24,633 60,816
2019 Multiracial 234 1,291 2,906
2019-2024: Population: Growth Rate 3.85 % 5.15 % 7.00 %
2019 HOUSEHOLD INCOME 1 MILE 3 MILE 5 MILE
less than $15,000 460 1,964 3,921
$15,000-$24,999 375 1,563 2,872
$25,000-$34,999 490 2,299 4,423
$35,000-$49,999 626 2,888 5,761
$50,000-$74,999 633 3,368 7,263
$75,000-$99,999 273 1,869 4,595
$100,000-$149,999 268 1,768 4,974
$150,000-$199,999 98 447 1,507
$200,000 or greater 86 545 1,238
Median HH Income $41,522 $47,527 $53,097
Average HH Income $58,730 $64,803 $70,829
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2000 Total Housing 3,324 15,605 29,744
2010 Total Households 3,110 15,523 31,892
2019 Total Households 3,308 16,710 36,553
2024 Total Households 3,451 17,621 39,225
2019 Average Household Size 2.46 2.49 2.57
2000 Owner Occupied Housing 1,522 8,139 18,158
2000 Renter Occupied Housing 1,531 6,317 9,579
2019 Owner Occupied Housing 1,476 8,043 21,301
2019 Renter Occupied Housing 1,832 8,667 15,252
2019 Vacant Housing 505 2,266 4,037
2019 Total Housing 3,813 18,976 40,590
2024 Owner Occupied Housing 1,555 8,620 23,157
2024 Renter Occupied Housing 1,896 9,002 16,068
2024 Vacant Housing 521 2,338 4,206
2024 Total Housing 3,972 19,959 43,431
2019-2024: Households: Growth Rate 4.25 % 5.35 % 7.10 %
Source: esri
609-617 Church St N Demographics | 06
2019 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2019 Population Age 30-34 546 2,984 6,414
2019 Population Age 35-39 544 2,880 6,593
2019 Population Age 40-44 471 2,544 5,950
2019 Population Age 45-49 476 2,593 6,222
2019 Population Age 50-54 473 2,530 6,133
2019 Population Age 55-59 456 2,483 6,044
2019 Population Age 60-64 448 2,269 5,453
2019 Population Age 65-69 394 1,990 4,595
2019 Population Age 70-74 331 1,693 3,828
2019 Population Age 75-79 263 1,201 2,599
2019 Population Age 80-84 228 885 1,727
2019 Population Age 85+ 298 1,149 1,869
2019 Population Age 18+ 6,249 32,058 71,858
2019 Median Age 37 37 38
2019 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $41,523 $50,492 $53,432
Average Household Income 25-34 $54,429 $63,534 $67,693
Median Household Income 35-44 $43,909 $54,617 $63,509
Average Household Income 35-44 $62,691 $73,008 $80,920
Median Household Income 45-54 $45,858 $56,413 $64,953
Average Household Income 45-54 $66,126 $77,084 $84,036
Median Household Income 55-64 $50,532 $52,451 $58,618
Average Household Income 55-64 $64,516 $67,795 $74,855
Median Household Income 65-74 $45,089 $43,629 $48,049
Average Household Income 65-74 $67,617 $64,347 $67,230
Average Household Income 75+ $43,373 $42,308 $42,971
2024 POPULATION BY AGE 1 MILE 3 MILE 5 MILE
2024 Population Age 30-34 574 3,160 7,261
2024 Population Age 35-39 535 2,965 6,963
2024 Population Age 40-44 509 2,830 6,821
2024 Population Age 45-49 466 2,536 6,041
2024 Population Age 50-54 466 2,604 6,350
2024 Population Age 55-59 452 2,437 6,016
2024 Population Age 60-64 464 2,487 5,991
2024 Population Age 65-69 451 2,208 5,379
2024 Population Age 70-74 386 1,904 4,405
2024 Population Age 75-79 338 1,501 3,383
2024 Population Age 80-84 263 1,061 2,180
2024 Population Age 85+ 318 1,153 1,990
2024 Population Age 18+ 6,504 33,707 76,959
2024 Median Age 38 37 38
2024 INCOME BY AGE 1 MILE 3 MILE 5 MILE
Median Household Income 25-34 $47,456 $55,669 $59,499
Average Household Income 25-34 $61,989 $73,408 $78,128
Median Household Income 35-44 $48,672 $61,572 $75,159
Average Household Income 35-44 $70,594 $83,404 $93,091
Median Household Income 45-54 $50,826 $63,133 $75,979
Average Household Income 45-54 $74,285 $87,220 $96,024
Median Household Income 55-64 $53,602 $57,353 $66,114
Average Household Income 55-64 $71,561 $77,236 $85,557
Median Household Income 65-74 $50,730 $49,830 $54,475
Average Household Income 65-74 $75,857 $73,159 $78,419
Average Household Income 75+ $49,836 $49,670 $51,307
609-617 Church St N
Exclusively Marketed by:
Clifford Blanquicet Jr. Kulsoom RoyPresident Associate Broker(704) 727-6202 (704) 796-1358
[email protected] [email protected]
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