970 S Cannon Blvd
Kannapolis, NC 28083
Retail Property For Sale

The subject investment property is situated along Cannon Boulevard, which boasts average daily traffic counts exceeding 20,000 vehicles, respectively. Cannon Boulevard intersects and runs parallel with Dale Earnhardt Boulevard, which brings an additional 21,000 vehicles into the immediate area on average daily. There are more than 44,425 individuals residing within a three-mile radius of the property and more than 80,310 individuals within a five-mile radius. The subject property benefits from being well-positioned in a dense retail corridor consisting of national and local tenants, shopping centers, and academic institutions within close proximity of this property. The property also benefits from its corner exposure along both Cannon Boulevard and McLain Road. Major national tenants include: Walgreens, Big Lots, Save-a-Lot, Family Dollar, Dollar Tree, AutoZone, Advance Auto Parts, O’Reilly Auto Parts, McDonald’s, Wendy’s and several other quick service restaurants. This SunTrust Bank also benefits from being situated within a three-mile radius of several academic institutions. Royal Oaks Elementary School, Forest Park Elementary School, Kannapolis Intermediate School and A.L. Brown High School have a combined total enrollment of nearly 1,500 students. Carolinas HealthCare System Northeast, a 457-bed, general medical, surgical and teaching facility, is located less than six miles south from the subject property. Kannapolis is a city in Cabarrus and Rowan counties, northwest of Concord and northeast of Charlotte and is a suburb in the Charlotte metropolitan area. The city was incorporated in 1984 and is considered the 20th largest city in North Carolina. It is also home to the Kannapolis Intimidators, the Class A baseball affiliate of the Chicago White Sox, and is the hometown of the Earnhardt racing family. The center of the city is home to the North Carolina Research Campus, a public-private venture that focuses on food, nutrition, and biotech research. The campus was formed and operates as a partnership with the state of North Carolina and the University of North Carolina system. The scientists at the NC Research Campus are known for research that explores health benefits of plan phytochemicals, nutrients such as choline and the impact of nutrition and exercise on human performance. Research also involves the study of nutrients and plant-based compounds to prevent chronic diseases such as cancer and diabetes. Kannapolis is located on the boundary of Cabarrus and Rowan counties, with a greater portion of its area in Cabarrus County. Concord, North Carolina is located seven miles south, while Charlotte, North Carolina is located 21 miles southwest.