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700 N Cannon Blvd
Kannapolis, NC 28083

$1,987,500 USD

Storefront Retail Office For Sale • 21,974 SF

Property Details

Property Type Storefront Retail Office
Total Building Size 21,974 SF
Lot Size 1.2 AC
Building Class B
Year Built 1945
Tenancy Multiple
Zoning C2

26 Transit Score

54 Walk Score

                
                    Highlights
                
                                700 N Cannon Boulevard is a ±21,974-SF investment with US Highway 29 frontage and access to consumers with a spending total of over $82M.
                            
                                Value-add industrial/retail/office opportunity with the potential to increase cash flow and match market rents through gradual rate increases. 
                            
                                Strong history of tenant retention, the well-maintained center is home to a diverse tenant roster and underwent recent renovations.
                            
                                Significant 1031 exchange potential with a passive income-generating asset coupled with dedicated local property management.
                            
                                High-traffic area with superior exposure to well over 20,000 VPD and is surrounded by an abundance of national retailers and service providers. 
                            
                                Primarily comprises ±15,000 SF of stabilized flex/industrial space occupied by established tenants with the remaining space as office/retail space.

Amenities

Corner Lot

Public Transportation

Commuter Rail	Drive	Walk	Distance
Kannapolis Station (Piedmont - North Carolina by Train (NC Train))	4 min	-	1.8 mi
Airport	Drive	Walk	Distance
Concord-Padgett Regional	21 min	-	13.5 mi
Charlotte/Douglas International	47 min	-	33.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	58
Type:	Surface
Included in Rent:	Yes

Jaben Starnes, CCIM 980-409-4395 Premier Real Estate Team

700 N Cannon Blvd Kannapolis, NC 28083