Restaurant Property with Rear
For Sale
Contact for pricing
2300 S Cannon Boulevard, Kannapolis, NC 28083
A rear kitchen and two restrooms support restaurant operations.
Property Size19,711 SF
Price / SF$1.75
Days on Market9
Property Features for 2300 S Cannon Boulevard
General Information
Standard status
Active
Size
19,711 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
Dimensions: 100X200
Public Sewer
Additional parcels description:, Parcel Number: 5622-07-6375-0000, Assessed Value: $386,960
Central Air
Natural Gas
Listing ID: CAR4430112, Standard Status: Active, MLS Status: Active, Property Subtype: Commercial, 2 days on market
Built in 1971, 1 building
County/Parish: Cabarrus
2 total bathrooms
Water Source: City
Frontage Type: Interstate 1 mile or Less, Highway, Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
19,711 SF
Year Built
1971
Listing Agency:
JLF Management Group LLC
(704) 707-0602
Listed By:
Sam Cowles
(704) 707-4656
Source:
Blackstreaminternational
Added: Oct 7
Changed: Oct 15
Last Checked: Oct 15 at 12:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLF Management Group LLC
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Investment Insights
Based on property information with market context.
The restaurant property at 2300 S Cannon Boulevard contains approximately 2000 SF, with a kitchen area at the rear and two restrooms. Built in 1971, the building has a new TPO roof.
The property occupies a corner lot with a large parking area and frontage on Highway 29. It is located in Kannapolis near I-85.
The property occupies a corner lot with a large parking area and frontage on Highway 29. It is located in Kannapolis near I-85.
Key Highlights
- ±2000 SF of commercial space
- Rear kitchen area and two restrooms
- New TPO roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,453
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,060
$589.1K
Cap Rate 7%
$420,757
$420.8K
Cap Rate 9%
$327,256
$327.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$42.0K $21.00/SF
− Vacancy
−$2.7K −$1.37/SF
EGI
$39.3K $19.64/SF
− OpEx
−$9.8K −$4.91/SF
NOI
$29.5K $14.73/SF
Area
Cabarrus County, NC
Vacancy
6.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,060
Cap Rate 7%
$420,757
Cap Rate 9%
$327,256
Alternative Uses
Best Use
Specialty Retail
$420.8K
$368.2K – $490.9K
NOI $29,453 @ 7.0% cap · market cap 841.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$629.5K
$550.8K – $734.4K
NOI $44,064 @ 7.0% cap · market cap 1,258.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Apparel 19%
BP
Shops & Services
12,186 visits/mo
0.5 miles
Speedway
Shops & Services
5,119 visits/mo
0.1 miles
Goodwill
Apparel
5,069 visits/mo
0.4 miles
Hilbish Ford
Shops & Services
4,628 visits/mo
0.3 miles
Demographics for 28083, NC
25,821
Population
11,925
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
85%
High-School Grad
20.0 sq mi
ZIP Area
1,291
Density / Sq Mi
$60,563
Median Household Income
$39,831
Median Earnings
$1,120
Median Rent
$194,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A rear kitchen and two restrooms support restaurant operations.
Where is this conventional restaurant located?
The property is located at 2300 S Cannon Boulevard Kannapolis, NC.
What are key features of this property?
This property features: ±2000 SF of commercial space; Rear kitchen area and two restrooms; New TPO roof
