Overview

Description

Sands Investment Group is Pleased to Present Exclusively For Sale the 1,932 SF Located at 924 S Main Street in Kannapolis, NC. With Approximately 7 Years Remaining on the Lease and 3% Annual Rent Increases, This Offering is Being Sold Below Replacement Cost and Provides an Excellent Hedge Against Inflation.




In Cooperation With:
Sands Investment Group
North Carolina, LLC – Lic. # 29362

Highlights

• Long Term Lease With Approximately 7 Years Remaining on The Lease With One 5-Year Option Period
• Lease Maintains 3% Annual Rent Increases Providing an Excellent Hedge Against Inflation
• Well Below Market Rent - $18.00 Per SF
• Main Street Pizza Company Brings Traditional New York Style Pizza and is a Well -Known Local Restaurant
• Tenant Has Remained Open and is Paying Rent Throughout the COVID-19 Pandemic
• Tenant Recently Made Improvements to the Property, Showing Commitment to This Location
• The Restaurant Has Been in Business at This Location Since 2015
• Strong Demographics - Population of 80,815 Residents With an Average Household Income of Over $69,977 Within a 5-Mile Radius
• Kannapolis is Home to a New Biotech Research Institute Just 1-Mile Away From the Subject Property
• Located Less Than 30-Miles From the Charlotte, NC MSA
• Less Than 5 Minutes From the Atrium Health Ballpark a Baseball Stadium With a Seating Capacity of 3,218
• Less Than 10 Minutes Away From the Atrium Health Cabarrus, a Regional 457-Bed, Not -For-Profit Hospital in Concord, NC

Documents

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