475 Cannon Blvd Kannapolis, NC 28083
This single-story, 66,317 square foot College Station Shopping Center, located at 475 N Cannon Blvd in Kannapolis, NC (28083), offers diverse leasing opportunities. Built in 1976 and renovated in 2000, the Class C property features 10 suites, with a minimum divisible space of 1,600 square feet and a maximum contiguous space of 1,600 square feet. Currently, 3,200 square feet are vacant. The property is zoned C-2 and enjoys high visibility along Hwy-29/N Cannon Blvd, benefiting from significant traffic flow. Its location within the thriving Kannapolis submarket of Charlotte provides access to a substantial consumer base exceeding 100,000 people, with an average household income over $71,000 within a 5-mile radius. The area is experiencing robust growth, with a projected population increase of 10.59% in the next five years. The center is situated near major national retailers including Atrium, Walmart, Chick-fil-A, and Lowe's, further enhancing its appeal and potential. The property is ideal for retail, office, or restaurant uses, accommodating various business needs within its flexible suite options. This established commercial area offers a prime location for businesses seeking exposure and growth within a dynamic and expanding market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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