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Walgreens 525 N Cannon Blvd

13,650 SF Retail Building Kannapolis, NC 28083 $9,600,000 ($703/SF) 5% Cap Rate

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Investment Highlights

Absolute net lease with zero landlord responsibilities
Investment grade credit tenant (S&P: BBB)

5% rent increases every 5 years with 15 years remaining
Strategically positioned off the signalized hard corner of Jackson Park Road & Cannon Boulevard which has a combined traffic count of 37,000 VPD

Executive Summary

Absolute net lease with zero landlord responsibilities. 5% rent increases every 5 years with 15 years remaining. Investment grade credit tenant (S&P: BBB). Strategically positioned off the signalized hard corner of Jackson Park Road & Cannon Boulevard which has a combined traffic count of 37,000 VPD.