Richard Petty Motorsports shop lease set to expire

Richard Petty Motorpsorts is seeking a new home for 2018

Richard Petty Motorsports will still be operating a NASCAR team in 2018. However, they wont be doing it from the current shop at 112 Byers Creek Rd Mooresville, NC 28117.

NASCAR is in the midst of a correctional period. A downsizing, across the board. Contracts are decreasing, teams are decreasing and now building sizes are also decreasing.

The team is currently looking for a smaller building. They are electing to let their current lease expire as they seek a new home.

NASCAR team shop Richard Petty Motorsprots
NASCAR team shop Richard Petty Motorsprots

“The building is up for lease at the end of the year. RPM chose not to sign the lease for next year,” the statement from the RPM spokesperson said.

“Plans are still undecided for next year for the team, but they do know the building is too big for their needs.”

At 78,824 SF, the building is simply too large for Richard Petty Motorsports. The NASCAR Cup Series team is looking to downsize.

Richard Petty Motorsports team shop
Richard Petty Motorsports

The current shop has been listed on loopnet. It’s an online catalog of businesses and warehouse that are available for lease or purchase.

Loopnet description, “Fully functioning race shop in excellent location and visibility. Zoned General industrial/conditional use. 13% office. 9 drive-in doors. Equipment available. Renovated in 2015. Layout and use lend itself to uses outside of the automotive racing industry. Contact agent for details.”

It continues, “Southwest corner of Talbert Pointe Drive and Byers Creek Road.”

What’s the yearly rental rate of the Mooresville building? $453,238

Richard Petty Motorsports has run 1438 races since their debut in 2000. The team has collected 20 wins, 732 top-20’s.

View photos of the Richard Petty Motorsports shop below.

Richard Petty Motorsports Shop Photos

Links

Loopnet
RPM Listing

Aric Almirola
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Richard Petty Motorsports
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