525 N Cannon Blvd - Drug Store FOR SALE


Kannapolis, NC 28083
$9,600,000 USD
650-465-3993
525 N Cannon Blvd, Kannapolis, NC for Sale
$9,600,000 USD
Drug Store - FOR SALE
1/14
null | 5% Cap Rate

525 N Cannon Blvd
Kannapolis, NC 28083


HIGHLIGHTS

  • Absolute net lease with zero landlord responsibilities
  • 5% rent increases every 5 years with 15 years remaining
  • Investment grade credit tenant (S&P: BBB)
  • Strategically positioned off the signalized hard corner of Jackson Park Road & Cannon Boulevard which has a combined traffic count of 37,000 VPD

OVERVIEW

Absolute net lease with zero landlord responsibilities. 5% rent increases every 5 years with 15 years remaining. Investment grade credit tenant (S&P: BBB). Strategically positioned off the signalized hard corner of Jackson Park Road & Cannon Boulevard which has a combined traffic count of 37,000 VPD.

FOR SALE DETAILS

PRICE

$9,600,000 USD

PRICE/SF

$703 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Convenience Store, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

104

LAND DETAILS

LAND ACRES

1.28 AC

LAND SF

55,757 SF

ZONING

C-2

APN/PARCEL ID

5624-11-0513-0000

ASK ABOUT THIS PROPERTY

Dean CopansStream Capital PartnersMore Info
650-465-3993

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Dean CopansStream Capital PartnersMore Info
650-465-3993

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