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Walgreens 525 N Cannon Blvd

13,650 SF Retail Building Kannapolis, NC 28083 £7,584,096 (£556/SF) 5% Net Initial Yield

Investment Highlights

  • Absolute net lease with zero landlord responsibilities
  • Investment grade credit tenant (S&P: BBB)
  • 5% rent increases every 5 years with 15 years remaining
  • Strategically positioned off the signalized hard corner of Jackson Park Road & Cannon Boulevard which has a combined traffic count of 37,000 VPD

Executive Summary

Absolute net lease with zero landlord responsibilities. 5% rent increases every 5 years with 15 years remaining. Investment grade credit tenant (S&P: BBB). Strategically positioned off the signalized hard corner of Jackson Park Road & Cannon Boulevard which has a combined traffic count of 37,000 VPD.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,650 SF
Building Class
B
Year Built
2012
Price
£7,584,096
Price Per SF
£556
Net Initial Yield
5%
NOI
£379,205
Tenancy
Single
Number of Floors
1
Building FAR
0.24
Land Acres
1.28 AC
Zoning
C-2
Parking
104 Spaces (7.62 Spaces per 1,000 SF Leased)
Frontage
112 ft on Cannon Blvd

Amenities

  • Bus Route
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalised Intersection
  • Drive Thru

Links

1 of 1
525 N Cannon Blvd, Kannapolis, NC - aerial map view
(650) 465-3993

  • Listing ID: 26285968

  • Date on Market: 29/07/2022

  • Last Updated:

  • Address: 525 N Cannon Blvd, Kannapolis, NC 28083

The Retail Property at 525 N Cannon Blvd, Kannapolis, NC 28083 is currently available For Sale. Contact Stream Capital Partners for more information.

Nearby Listings

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525 N Cannon Blvd, Kannapolis, NC for sale Building Photo- Image 13 of 14
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© 2024 CoStar Group

Walgreens | 525 N Cannon Blvd
(650) 465-3993 x

Walgreens | 525 N Cannon Blvd

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Dean Copans

(650) 465-3993

(650) 465-3993

Jordan Shtulman

(847) 226-4133

(847) 226-4133

Andy Frazier

(773) 301-3073

(773) 301-3073

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