For Sale
$1,200,000

316 Brookdale St Kannapolis, NC 28083

Prime Kannapolis restaurant, 9,000 sq ft, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 9,000-square-foot freestanding restaurant building is situated on a 1.6-acre lot in Kannapolis, North Carolina, at 316 Brookdale Street, zip code 28083. Currently tenant-occupied, the property boasts a recently completed, high-quality upfit designed for a Mexican seafood concept. The tenant operates a two-unit restaurant chain and has a five-year lease in place, commencing early 2024, with escalating rent and option periods. The property benefits from a high-traffic location, experiencing 17,000 vehicles per day on Brookdale Street. This presents a compelling investment opportunity with potential for seller financing to qualified buyers, contingent upon a sufficient down payment. The property's APN is 150180. This is a single-building, single-unit retail property. Please do not disturb the tenants.

Highlights

  • $1,200,000 asking price for this 9,000 square foot retail property.
  • Freestanding building on a 1.6-acre lot in Kannapolis, NC.
  • Tenant-occupied with a 5-year lease with escalation clauses.
  • High traffic location with 17,000 vehicles per day on Brookdale Street.
  • Recently renovated as a Mexican seafood restaurant; seller financing may be available.

Property Details for 316 Brookdale St

Property type
Retail properties, Restaurants
Square Feet
9,000 SF
Buildings
1
Units
1

Location Insight

City
Kannapolis
County
Rowan
State
North Carolina
Latitude
35.507052851101
Longitude
-80.610274519819

FAQs

What type of property is this?
Retail property - Prime Kannapolis restaurant, 9,000 sq ft, strong lease.
Where is the retail property located?
The property is located at 316 Brookdale St Kannapolis, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: $1,200,000 asking price for this 9,000 square foot retail property.; Freestanding building on a 1.6-acre lot in Kannapolis, NC.; Tenant-occupied with a 5-year lease with escalation clauses.
How can I contact the broker?
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316 Brookdale St
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