800 Cloverleaf Plz - Restaurant FOR SALE
Kannapolis, NC 28083 |
$3,500,000 USD
402-730-6021
800 Cloverleaf Plz
Kannapolis, NC 28083
HIGHLIGHTS
- Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew
- Suncakes, LLC is a 34-unit operator wholly owned by Sun Holdings (2nd largest franchisee in the U.S.) with over 1,500 units across multiple brands
- Pad site to a Ross, Dollar General, Harbor Freight Tools & Gabe Shopping Center - situated on a large ±1.10-acre lot
- Excellent visibility/access on S Cannon Blvd with traffic counts of 29,149 CPD! Just 1/4 mile north of I-85 with traffic counts of 112,098 CPD!
- 2024 DEMOGRAPHICS: Total Population (5-MI): 107,853 | Average Household Income (1-MI): $112,596
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$599 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP - KANNAPOLIS, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Bank, Fast Food, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.1 AC
LAND SF
47,816 SF
ZONING
C
APN/PARCEL ID
5622-02-7659-0000
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402-730-6021
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402-730-6021
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