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Walgreens 525 N Cannon Blvd 13,650 SF Retail Building Kannapolis, NC 28083 $13,018,560 CAD ($953.74 CAD/SF) 5% Cap Rate
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
Building Size
13,650 SF
Building Class
B
Year Built
2012
Price
$13,018,560 CAD
Price Per SF
$953.74 CAD
Cap Rate
5%
NOI
$650,928 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.28 AC
Zoning
C-2 - Commercial district
Parking
104 Spaces (7.62 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 5624-01-9525-0000 | Improvements Assessment | $3,758,105 CAD |
| Land Assessment | $1,210,699 CAD | Total Assessment | $4,968,804 CAD |
Property Taxes
Parcel Number
5624-01-9525-0000
Land Assessment
$1,210,699 CAD
Improvements Assessment
$3,758,105 CAD
Total Assessment
$4,968,804 CAD
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Walgreens | 525 N Cannon Blvd
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