135 Dale Earnhardt Blvd - Freestanding FOR SALE
Kannapolis, NC 28081 |
135 Dale Earnhardt Blvd
Kannapolis, NC 28081
HIGHLIGHTS
- 12-years of firm term remain; one five-year option thereafter
- Two-years remain on the absolute NNN sublease with Walgreens at $316,196 annually (8.55% CAP year one and two at list price)
- Dollar Tree has signed a 10-year NN lease to commence at the expiration of the sublease with one five-year option thereafter
- 10% rental increases every five-year throughout the primary term and option period (of Dollar Tree’s lease)
- Large 2.08-acre parcel improved by 13,813 square foot recently retrofitted Dollar Tree with drive-thru
- $100M+ in massive revitalization project in City Center, directly next door to the subject property
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Dollar Tree
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
16840
STORIES
1
YEAR BUILT
2003
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5614-41-8029-0000
