2894 N Cannon Blvd | Kannapolis, NC 28083
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2894 N Cannon Blvd
Kannapolis, NC 28083
Sonic Drive-In · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease - Absolutely no Landlord Responsibilities.
- Annual Rental Increases - The Lease calls for 1.75% annual rental increases throughout the 20-year term.
- Strong Traffic Counts - Positioned on N Cannon Blvd, the city’s main thoroughfare, and also has proximity to I-85, with 72,509 vehicles
- Newly Extended Long-Term Lease - The tenant recently extended its lease to a new 20-year term.
- Growing Population - The 5-mile radius supports a population of 62,520, growing quickly at a rate of 1.17% annually.
- Healthy Rent-to-Sales - The Tenant benefits from a healthy Rent-to-Sales.
Property Facts
Property Type
Retail
Building Size
1,438 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.00 AC
Frontage
21’ on Cannon Blvd
Property Taxes
| Parcel Number | 133-A060 | Improvements Assessment | $431,078 |
| Land Assessment | $189,433 | Total Assessment | $620,511 |
Property Taxes
Parcel Number
133-A060
Land Assessment
$189,433
Improvements Assessment
$431,078
Total Assessment
$620,511
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