This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
IHOP - KANNAPOLIS, NC 800 Cloverleaf Plz
5,280 SF Retail Building Kannapolis, NC 28083 $3,815,000 ($723/SF) 5.50% Cap Rate
Investment Highlights
- Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew
- Pad site to a Ross, Dollar General, Harbor Freight Tools & Gabe Shopping Center - situated on a large ±1.10-acre lot
- 2024 DEMOGRAPHICS: Total Population (5-MI): 107,853 | Average Household Income (1-MI): $112,596
- Suncakes, LLC is a 34-unit operator wholly owned by Sun Holdings (2nd largest franchisee in the U.S.) with over 1,500 units across multiple brands
- Excellent visibility/access on S Cannon Blvd with traffic counts of 29,149 CPD! Just 1/4 mile north of I-85 with traffic counts of 112,098 CPD!
Executive Summary
Property Facts
Amenities
- Freeway Visibility
- Restaurant
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- 5,280 SF
- -
- Sep 2039
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes you can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | 5,280 SF | - | Sep 2039 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5622-02-7659-0000 | Improvements Assessment | $1,035,120 |
| Land Assessment | $1,494,980 | Total Assessment | $2,530,100 |
PROPERTY TAXES
-
Kendall Carlsen -
Commercial Investment Advisors, INC
Presented by
IHOP - KANNAPOLIS, NC | 800 Cloverleaf Plz
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.