Offered for sale is the opportunity to acquire an absolute net lease Wells Fargo in Kannapolis, North Carolina. The property consists of a 3,559-square-foot, freestanding building that sits on 1.05 acres of land. There are approximately 1.4 years remaining on the current lease term, with a 10 percent rental escalation scheduled in the next option, as well as each option thereafter. This bank branch has been operating continuously at this location since 2003. Broker of Record for NC: Ben Yelm; (843) 952-2222; License: 303785
Price | $850,000 |
Cap Rate | 7.40% |
Building Size | 3,559 sqft |
Lot Size | 1.05 acres |
Year Built | 1958/2008 |
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