Net-Leased Restaurant Pad
800 Cloverleaf Plaza Kannapolis, NC 28083
For Sale
Contact for pricing
Brand new 14-year absolute NNN lease with IHOP on a pad site with strong visibility and access.
Property Size5,280 SF
Lot Size1.10 Acres
Price / SF$560.61
Days on Market119
Property Features for 800 Cloverleaf Plaza
General Information
- Standard status
- Active
- Size
- 5,280 SF
- Lot size
- 1.10 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 2023
Listing Agency:
Commercial Investment Advisors (CIA) Texas
Listed By:
Jessica Zahn Gibson · License #AZ BR509621000
Source:
Crexi
Added: Mar 27
Changed: Jul 23
Last Checked: Jul 23 at 10:02AM
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 Commercial Investment Advisors (CIA) Texas
Investment Insights
Based on property information with market context.
This sale presents a pad-site net-leased restaurant property operated by IHOP under a brand new 14-year absolute NNN lease. Rent includes 10% rental escalations every five years, along with three successive five-year renewal options. The tenant is Suncakes, LLC, a 34-unit operator wholly owned by Sun Holdings, which reports ownership of over 1,500 units across multiple brands in the U.S. and 13 countries.
The site is positioned as a pad to a retail grouping anchored by Ross, Dollar General, Harbor Freight Tools, and Gabe Shopping Center, with the asset adjacent to Home Depot. The property is located on S Cannon Blvd, with reported traffic counts of 29,149 CPD, and it is about one-quarter mile north of I-85 with reported traffic counts of 112,098 CPD.
Nearby area draw includes Carolina Mall (less than one mile), anchored by Belk, JCPenney, and Staples, and regional employment and education uses such as Atrium Health Cabarrus Concord (about one mile) and the Rowan-Cabarrus/NC Research Campus (about four miles).
The site is positioned as a pad to a retail grouping anchored by Ross, Dollar General, Harbor Freight Tools, and Gabe Shopping Center, with the asset adjacent to Home Depot. The property is located on S Cannon Blvd, with reported traffic counts of 29,149 CPD, and it is about one-quarter mile north of I-85 with reported traffic counts of 112,098 CPD.
Nearby area draw includes Carolina Mall (less than one mile), anchored by Belk, JCPenney, and Staples, and regional employment and education uses such as Atrium Health Cabarrus Concord (about one mile) and the Rowan-Cabarrus/NC Research Campus (about four miles).
Key Highlights
- 2023‑built IHOP pad site featuring a brand new 14‑year absolute NNN lease
- Lease includes 10% rental escalations every 5 years, plus three additional 5‑year renewal options
- Tenant is Suncakes, LLC, a 34‑unit operator wholly owned by Sun Holdings
Property Analytics
Location Intelligence
Current Use by Public Records
Pardon My Cheesesteak
Restaurant
TenderFix by Noah ...
Restaurant
IHOP
Restaurant
FAQs
What type of property is this?
NNN property - Brand new 14-year absolute NNN lease with IHOP on a pad site with strong visibility and access.
Where is this nnn property located?
The property is located at 800 Cloverleaf Plaza Kannapolis, NC.
What is the asking price?
The asking price for this property is $2,960,000.
What are key features of this property?
This property features: 2023‑built IHOP pad site featuring a brand new 14‑year absolute NNN lease; Lease includes 10% rental escalations every 5 years, plus three additional 5‑year renewal options; Tenant is Suncakes, LLC, a 34‑unit operator wholly owned by Sun Holdings
