664-668 N Cannon Blvd - Storefront FOR SALE


Kannapolis, NC 28083
$622,500 USD
803-674-4461
664-668 N Cannon Blvd, Kannapolis, NC for Sale
$622,500 USD
Storefront - FOR SALE
1/15
null | 8% Cap Rate

664-668 N Cannon Blvd
Kannapolis, NC 28083


HIGHLIGHTS

  • Road frontage with high visibility
  • Block and Brick construction
  • Investment or Owner Occupied

OVERVIEW

Owner Occupied or Investment Property for Sale - $622,500 Includes 3 units totaling approximately 5,014 square feet. 2 of the units are leased with amazing national tenants who pay on time each month and 1 unit is available for owner use or to lease for an investor. All tenants have 4% escalation built into their leases. Property is located on N Cannon Blvd., a high traffic road with considerable visibility. 670 N Cannon Blvd – Tenant is Liberty Tax. NN Lease ends November 2029. $1,788.35/mo. 2,000 sq ft. 668 N Cannon Blvd – Blue Chip Maintenance. NN Lease ends May 2026. The tenant has expressed an interest in renewal. $1,251.64/mo. 1,014 sq ft. 664 N Cannon Blvd – Vacant unit. Available for owner-occupant or investor lease. 2,000 sq ft. *Includes ownership of a large parking lot on the rear side of the property. Parcel numbers: 56241220030000, 56241220100000, and 56241139670000 Annual Total Taxes: $3,795.52 Annual Insurance: $1,462.00 Landscaping: $200/monthly Tenants are responsible for trash, water, sewer, and utilities. Owning partner is a licensed commercial general contractor to ensure low maintenance over the near future with substantial renovations made since the current owners took over in 2021 including: $25,000+ in roof renovations across all units New HVAC Mini- Split in the rear unit New HVAC unit for 664 N Cannon. New front and side windows/glass New tankless hot water sink units and plumbing in 664 unit 664 has been primed and is ready for the paint of your choice The rear parking area received crack fill along with seal coat and striping in 2025 Landscaping renovation in 2025 Rear entrance lighting and signage New electrical meter can for 664 unit Owning partners are in good standing but have decided to offer it for sale and pursue separate ventures. Questions and offers can be made to Derek Richardson at 803-674-4462

FOR SALE DETAILS

PRICE

$622,500 USD

PRICE/SF

$124 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C-2

APN/PARCEL ID

5624-11-3967-0000,5624-12-2003-0000,5624-12-2010-0000

ASK ABOUT THIS PROPERTY

Derek RichardsonBolivar Holdings LLCMore Info
803-674-4461

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Derek RichardsonBolivar Holdings LLCMore Info
803-674-4461

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.