Bank
Wells Fargo
704 N Cannon Blvd, Kannapolis, NC 28083
Listing Price: $1,008,000
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Wells Fargo in Kannapolis, North Carolina. The property consists of a 3,559-square-foot, freestanding building that sits on 1.05 acres of land. There are approximately 1.9 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. This bank branch has been operating continuously at this location since 2003.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $1,008,000
Investment Highlights
- More than 73,998 Residents Within a Five-Mile Radius
- Kannapolis is Undergoing Major Changes Through Numerous Development Initiatives
- Thirty Minute Drive to Charlotte, NC (Population of 2.7 Million)
- Wells Fargo is the 3rd Largest Bank in the U.S. by Total Assets
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Wells Fargo in Kannapolis, North Carolina. The property consists of a 3,559-square-foot, freestanding building that sits on 1.05 acres of land. There are approximately 1.9 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. This bank branch has been operating continuously at this location since 2003.
Exclusively Listed By
Broker of Record
Financing By
