Bank
Wells Fargo (Dark) (Charlotte, NC MSA)
704 N Cannon Blvd, Kannapolis, NC 28083
Listing Price: $850,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a dark 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 1.4 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.
Wells Fargo (Dark) (Charlotte, NC MSA)
Investment Highlights
- Redevelopment Opportunity - Wells Fargo has Future Rent Obligations Over the Remaining 1.4 Years of Lease Term
- Excellent Access and Visibility on North Cannon Boulevard (20,780 VPD)
- Kannapolis is Undergoing Major Changes Through Numerous Development Initiatives
- Thirty-Minute Drive to Charlotte, NC (Population of 2.7 Million)
Exclusively Listed By
Financing By
Listing Price: $850,000
Investment Highlights
- Redevelopment Opportunity - Wells Fargo has Future Rent Obligations Over the Remaining 1.4 Years of Lease Term
- Excellent Access and Visibility on North Cannon Boulevard (20,780 VPD)
- Kannapolis is Undergoing Major Changes Through Numerous Development Initiatives
- Thirty-Minute Drive to Charlotte, NC (Population of 2.7 Million)
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a dark 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 1.4 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
Financing By
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