Kannapolis, NC Retail Property For Sale

- Redevelopment Opportunity - Wells Fargo has Future Rent Obligations Over the Remaining 1.4 Years of Lease Term

- Excellent Access and Visibility on North Cannon Boulevard (20,780 VPD)

- Kannapolis is Undergoing Major Changes Through Numerous Development Initiatives

- Thirty-Minute Drive to Charlotte, NC (Population of 2.7 Million)

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 vehicles per day

The Property serves a growing customer base with over 82,300 residents living within a five-mile radius. Over the past year, the population has grown 20.28% within one mile.