1473 Dale Earnhardt Blvd - Office FOR SALE


Kannapolis, NC 28083- Old Centergrove
$650,000 USD
336-324-2195
1473 Dale Earnhardt Blvd, Kannapolis, NC for Sale
$650,000 USD
Office - FOR SALE
1/5
null | 7% Cap Rate

1473 Dale Earnhardt Blvd
Kannapolis, NC 28083
Old Centergrove


OVERVIEW

+/-3,200 sf, 100 % leased single-tenant office investment property located in Kannapolis, NC, which is NE of Charlotte. Tenant is currently on a lease date 11/1/2000 - 10/31/2026 and has an option to renew for a five year term with a rental increase to $5,000/month. Located 1/2 mile NW of S Cannon Blvd and 2.8 miles N of the interchange with I-85. The single story building was built in 1984 and features an adjacent 56 space parking lot and additional .5 acres of land at 601 Hillside Drive. Building has direct frontage on Dale Earnhardt Blvd with +/-16,000 VPD. The owner of this property property has finalized a Brownfields agreement with the North Carolina Department of Environmental Quality which provides liability protection in connection with certain impacts caused by prior owners. The Brownfields agreement entitles this property to a real property tax abatement for a five-year period if the property is redeveloped.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$201 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

B-1

APN/PARCEL ID

5613-85-6678-0000

ASK ABOUT THIS PROPERTY

Tim McGeeMcGee Commercial Real EstateMore Info
336-324-2195

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Tim McGeeMcGee Commercial Real EstateMore Info
336-324-2195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.