Listing Agency: CBRE | Greensboro l***@cbre.com Show Phone

Listed By: Lydia Whitley Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Jul 6 Last Checked: Aug 20 at 9:43AM

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Investment Insights

Based on property information with market context.

This shopping center, anchored by Food Lion, is situated near downtown Carthage, North Carolina, just off Highway 15-501 on Monroe Street/Highway 24-27. The property offers a total area of approximately 47,900 square feet. It features several established national tenants, including Subway and H&R Block. The location provides convenient access to I-74 via Highway 27 and is in close proximity to Southern Pines and Uwharrie National Forest. The property is also near national retailers such as McDonalds, Walmart, and Walgreens. Ample parking is available. Traffic counts are approximately 11,000 vehicles per day on Monroe Street and 11,500 vehicles per day on Highway 15-501.

Key Highlights

• Food Lion anchored shopping center
• High traffic counts: 11,000 VPD on Monroe Street & 11,500 VPD on Highway 15‑501
• Located just off Highway 15‑501 on Monroe Street/Highway 24‑27

Property Analytics

Property Profile

Current Use

Shopping centers

Suggested Use

Top Pick Storage Facility Garden Center (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Carpet & Flooring Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

187

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 28327, NC

18,118

Population

7,874

Households

2.3

Avg Household Size

40

Median Age

36%

College-Educated

94%

High-School Grad

186.6 sq mi

ZIP Area

97

Density / Sq Mi

$84,850

Median Household Income

$43,066

Median Earnings

$1,362

Median Rent

$299,500

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Shopping center anchored by Food Lion near downtown Carthage.

Where is this shopping center located?

The property is located at 1005 Monroe Street Carthage, NC.

What are key features of this property?

This property features: Food Lion anchored shopping center; High traffic counts: 11,000 VPD on Monroe Street & 11,500 VPD on Highway 15‑501; Located just off Highway 15‑501 on Monroe Street/Highway 24‑27