Passive investment or occupy for your business! Opportunity to acquire 22,000+ SF of warehouse, office, and showroom in Kannapolis, NC. Property is ideal for owner-users or investors seeking exposure in a stable growth market. Available to occupy or as a sale-leaseback. This property is primed for businesses that value a modern, functional layout with substantial recent upgrades. Key Highlights: - Asking Price: $2,333,000 ($103.14/SF) - 10,000+ SF of conditioned space - 10,000+ vehicles per day - 3 phase power - Laydown yard in the rear - Recently added +/- 2,500 SF second floor with six offices, two board rooms, full bath, two half baths, and kitchen, offering a modern, functional layout - Fresh paint, new asphalt, and a new HVAC system installed upon property acquisition - New addition includes a new roof, drainage system, and aesthetic upgrades This property has undergone extensive renovations totaling close to $1 million, including a newly constructed +/-2,500 SF second floor. This addition features six private offices, two boardrooms, a full bath, two half baths, and a fully-equipped kitchen. The second-floor build-out includes a new roof and drainage system, enhancing both aesthetics and functionality. Other upgrades include fresh paint, new asphalt, and a new HVAC system, making it a turnkey solution for various business uses. Sale-Leaseback Terms: Lease Duration: 5 years Cap Rate: 8.23% Purchase Price: $2,333,000 Year 1 Net Operating Income (NOI): $191,970 with 2% annual escalations. NOI over the lease term: Year 2: $195,809 Year 3: $199,726 Year 4: $203,720 Year 5: $207,795 This is a rare opportunity for a business to capitalize on a stabilized asset just minutes from downtown. Reach out today to learn more! Jaben@starnescommercial.com | Mobile: (704) 380-7963 | Office: (980) 888-1031