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800 Cloverleaf Plz
Kannapolis, NC 28083

$3,815,000 USD

Restaurant For Sale  •  5,847 SF

Property Details

• Property Type Restaurant
• Total Building Size 5,280 SF
• Lot Size 1.1 AC
• Building Class B
• Year Built 2024
• Cap Rate 5.50 %
• Tenancy Single
• Zoning C

36 Transit Score

34 Walk Score

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

Cap Rate:

5.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
IHOP	5,280 SF	9/30/2039

Amenities

• Freeway Visibility
• Restaurant
• Signage

Public Transportation

Commuter Rail	Drive	Walk	Distance
Kannapolis Station (Piedmont - North Carolina by Train (NC Train))	8 min	-	4.2 mi
Airport	Drive	Walk	Distance
Concord-Padgett Regional	16 min	-	9.9 mi
Charlotte/Douglas International	42 min	-	30.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes