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614 S Cannon Blvd
Kannapolis, NC 28083
DaVita Dialysis | Corporate Guarantee · Retail Property For Sale
Investment Highlights
- Long Term Corporately Guaranteed Lease: Backed by DaVita, Inc., a Fortune 500 Company for 10+ Years of Primary Term Remaining.
- Certificate of Need (CON) State: North Carolina Limits Dialysis Competition via CON laws, Creating a High Barrier to Entry.
- Recent Construction: Built in 2020, Modern Infrastructure Reduces Immediate Capital Needs, Mitigating Maintenance & Replacement Costs.
- 10% Rent Escalations: Rent Increases 10% in 2025, Again in 2030, and in Each Renewal Option Period Thereafter.
- Minimal Landlord Responsibilities: Tenant is Responsible for all Taxes, Insurance, CAM — Ensuring Low Landlord Involvement.
- Strong Population Density: Over 72,000 Residents Live within 3 Miles, Supporting Strong, Ongoing Demand.
Property Facts
Property Type
Building Size
8,998 SF
Building Class
B
Year Built
2020
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.12 AC
Zoning
GC
Frontage
106’ on South Cannon Boulevard
Property Taxes
| Parcel Number | 5623-05-0490-0000 | Improvements Assessment | $2,333,980 |
| Land Assessment | $738,920 | Total Assessment | $3,072,900 |
Property Taxes
Parcel Number
5623-05-0490-0000
Land Assessment
$738,920
Improvements Assessment
$2,333,980
Total Assessment
$3,072,900
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