+/-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.