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29325885
29325902

729 S Main St., Kannapolis, NC 28081

JS
NC NC 315996
Premier Real Estate Team, Inc
Listed by Premier Real Estate Team, Inc
$1,550,000
139 days on market
Updated 85 days ago
Opportunity zone

Jaben Starnes, CCIM - 729 S. Main St, Kannapolis NC

Details
APN 56135553640000
Property Type Industrial, Office
Sub Type Flex, Medical Office (+1)
Square Footage 13,774
Net Rentable (SqFt) 13,774
Cap Rate 8.03%
NOI $124,400
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 10
Rent Bumps Yes
Price per SqFt $113
Class B
Year Built 1946
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.573
Zoning GC
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No
Ceiling Height 14.2
Loading Docks 2
Sale Condition Sale for leaseback

FOR SALE! 10-Year NNN Sale-lease Back or Owner User Medical-Ready Office/Warehouse in Kannapolis, NC

Marketing description

729 South Main Street in Kannapolis is a sale-lease back OR Owner-user facility featuring a light medical office suite with warehouse storage behind—ideal for clinic, therapy, wellness, or medical-adjacent operators needing back-of-house space.

The office was renovated in 2024 to accommodate light medical use (minimal medical plumbing noted), and the property is currently operated as a community health clinic.

The warehouse offers 14.2’ clear height and two drive-in doors (12’x12’ and 14’x13’).

Zoning is General Commercial with permitted uses including office (buyer to verify specific medical use/permitting).

Camino Health Care is a state of the art medical facility offering dental services to the public. Their main location is in Charlotte, NC. Tenant is willing to sign a 10-year NNN lease at an 8% cap rate ($124,400 NOI).

Investment highlights

  • Sale-lease back investment OR owner-user

  • $124,400 NOI (8% cap)

  • Escalations negotiable.

  • 13,774 SF total building

  • ±4,102 SF light medical office area (renovated 2024)

  • ±9,672 SF warehouse/storage

  • 14.2’ clear height

  • (2) drive-in doors: 12’x12’ + 14’x13’ (no dock-high)

  • Currently operated as a community health clinic

  • Zoning: General Commercial; appears legally conforming; permitted uses include office/retail/light industrial

Listing Contacts

JS
NC NC 315996
Premier Real Estate Team, Inc
Listed by Premier Real Estate Team, Inc

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,400.00
$10,366.67/mo

Valuation Metrics

0
DSCR
8.03%
Cap Rate
8.03%
ROI

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Additional Information

Name
Jaben Starnes, CCIM
License
NC 315996
Brokerage
Premier Real Estate Team, Inc.
Brokerage Phone
9808881031
Title
Commercial Real Estate Advisor
Brokerage Address
210 Oak Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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