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Restaurant Space with Pylon Signage
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1026 Glenway Drive, Statesville, NC 28625

Restaurant sublease includes existing FF&E and pylon signage.

Space SizeContact for details
Days on Market3

Property Features for 1026 Glenway Drive

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Charlotte
Listed By: Darrell Palasciano · License #75308
Source: Cbre
Added: Sep 16 Last Checked: Sep 18 at 4:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Charlotte

Investment Insights

Based on property information with market context.

This 5,403-square-foot restaurant space is available for sublease with furniture, fixtures, and equipment already in place. The existing setup supports continued restaurant use and provides an established physical foundation for an incoming operator.

The property has visibility from I-40 and includes pylon signage. Reported traffic volumes include 71,000+ VPD on I-77, 60,000+ VPD on I-40, and 33,000+ VPD on Hwy 21. Nearby retail and dining destinations include Walmart, Tractor Supply, Big Lots, Dollar Tree, Bealls, Olive Garden, Applebee’s, Logan’s Roadhouse, and Cracker Barrel.

Key Highlights

  • 5,403 SF restaurant space available for sublease
  • Furniture, fixtures, and equipment remain in place
  • Visibility from I‑40 with pylon signage

Property Analytics

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Current Use

IHOP Restaurant

Suggested Use

Top Pick Real Estate Agency HVAC Service Auto Repair Shop Parking Lot & Garage Kitchen & Bath Showroom Big Box & Wholesale Store

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

651
Businesses Nearby
594k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 43% Superstores 17% Shops & Services 13% Apparel 12%
Walmart Superstores
103,395 visits/mo 0.3 miles
T.J. Maxx Apparel
37,313 visits/mo 0.5 miles
Logan's Roadhouse Dining
31,648 visits/mo 0.1 miles
Ingles Groceries
29,643 visits/mo 0.1 miles
Cook Out Dining
28,132 visits/mo 0.4 miles

Demographics for 28625, NC

38,396
Population
16,917
Households
2.3
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
199.3 sq mi
ZIP Area
193
Density / Sq Mi
$64,657
Median Household Income
$38,123
Median Earnings
$996
Median Rent
$216,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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?
Conventional restaurant - Restaurant sublease includes existing FF&E and pylon signage.
Where is this conventional restaurant located?
The property is located at 1026 Glenway Drive Statesville, NC.
What are key features of this property?
This property features: 5,403 SF restaurant space available for sublease; Furniture, fixtures, and equipment remain in place; Visibility from I‑40 with pylon signage
More about this property
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