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5040 Dogwood Blvd Kannapolis, NC 28081

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For Sale
$2,894,738

New 20-year NNN ground lease in high-growth Charlotte MSA.

Lot size:
1.60 Acres

Property Features for 5040 Dogwood Blvd

General Information

Lot size
1.60 Acres

Source: MPV Properties Agent Mark Newell

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

NNN Ground Lease Retail Property

This property features a new 20-year absolute NNN ground lease with 10% rental increases every 5 years throughout the base term and option periods. The lease is backed by a corporate guarantee from a strong national tenant. It is located in a prime location within the newly developed Kellswater Commons retail center, anchored by Lowes Foods. The property is situated in the high-growth Charlotte MSA (Kannapolis, NC), a rapidly expanding residential and retail submarket. Strong demographics include a population of 29,376 within a 3-mile radius and 94,904 within a 5-mile radius. The property is adjacent to Kellswater Bridge, a 370-acre master-planned community with over 1,000 residential units. The tenant mix includes Lowes Foods, Heartland Dental, Jersey Mike's, Caribou Coffee, Burrito Shak, Avalon Spa & Nails, and more.
Location Intelligence

Current Use by Public Records

NNN properties

Suggested Use

Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Department Store Kitchen & Bath

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Kannapolis
County
Cabarrus
State
North Carolina
Longitude
-80.668224
Latitude
35.465236

FAQs

What type of property is this?
NNN property - New 20-year NNN ground lease in high-growth Charlotte MSA.
Where is this nnn property located?
The property is located at 5040 Dogwood Blvd Kannapolis, NC.
What is the asking price?
The asking price for this property is $2,894,738.
What are key features of this property?
This property features: - New 20-year absolute NNN ground lease provides long-term, low-management investment.; - Corporate guarantee from a strong national tenant ensures reliable income.; - 10% rental increases every 5 years throughout the lease term and option periods offer increasing returns.
More about this property
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