28081 Archives | Sands Investment Group

Sands Investment Group is Pleased to Present Exclusively For Sale the 1,932 SF Pizza Restaurant NN Lease Investment Located at 924 S Main Street in Kannapolis, North Carolina. With Approximately 7 Years Remaining on the Lease and 3% Annual Rent Increases, This Offering is Being Sold Below Replacement Cost and Provides an Excellent Hedge Against Inflation.

Long Term Lease With Approximately 7 Years Remaining on The Lease With One 5-Year Option Period
Lease Maintains 3% Annual Rent Increases Providing an Excellent Hedge Against Inflation
Well Below Market Rent – $18.00 Per SF
Main Street Pizza Company Brings Traditional New York Style Pizza and is a Well-Known Local Restaurant
Tenant Has Remained Open and is Paying Rent Throughout the COVID-19 Pandemic
Tenant Recently Made Improvements to the Property, Showing Commitment to This Location
The Restaurant Has Been in Business at This Location Since 2015
Strong Demographics – Population of 80,815 Residents With an Average Household Income of Over $69,977 Within a 5-Mile Radius
Kannapolis is Home to a New Biotech Research Institute Just 1-Mile Away From the Subject Property
Located Less Than 30-Miles From the Charlotte, NC MSA
Less Than 5 Minutes From the Atrium Health Ballpark a Baseball Stadium With a Seating Capacity of 3,218
Less Than 10 Minutes Away From the Atrium Health Cabarrus, a Regional 457-Bed, Not-For-Profit Hospital in Concord, NC