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    5700 Royce St Kannapolis, NC 28083

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    For Sale
    Contact for pricing

    755,928 SF logistics facility 100% leased in Kannapolis, NC.

    Property size:
    755,928 SF
    Lot size:
    94.42 Acres

    Property Features for 5700 Royce St

    General Information

    Size
    755,928 SF
    Lot size
    94.42 Acres

    Source: JLL | Charlotte Agent Peter Pittroff, SIOR

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

    Overview

    Class A Logistics Facility

    The property is a 755,928 square foot Class A logistics facility. Constructed in 2022, it is situated adjacent to I-85 in the Charlotte, North Carolina MSA. The facility is currently 100% leased to an international supplier of sports apparel and memorabilia based in Charlotte, with a 10.5-year lease that includes 3.5% annual rental escalations. The facility features 580-foot deep cross-dock loading, 40-foot clear height, and 190-foot deep truck courts with trailer parking. It also includes ESFR and motion-sensor LED lighting. The tenant is investing in the asset, installing 10,000 square feet of customer experience and demonstration space and upgrading interior racking systems. The location provides access to major urban metro areas of the Southeast via a centralized location along the I-85 logistics corridor, approximately midway between Atlanta, GA, and Richmond, VA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel Auto Parts Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Kannapolis
    County
    Cabarrus
    State
    North Carolina
    Longitude
    -80.558298
    Latitude
    35.4948184

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    FAQs

    What type of property is this?
    Distribution center - 755,928 SF logistics facility 100% leased in Kannapolis, NC.
    Where is this distribution center located?
    The property is located at 5700 Royce St Kannapolis, NC.
    What are key features of this property?
    This property features: - Class A logistics facility totaling 755,928 square feet.; - Located adjacent to I-85 in the Charlotte, North Carolina MSA.; - 100% leased to an international sports apparel and memorabilia supplier.
    (704) 927-3012
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5700 Royce St Kannapolis, NC 28083
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