Single-Tenant Medical
For Sale
Contact for pricing
Pending
419 Earl Rd, Shelby, NC 28150
Absolute net lease with corporate guaranty and scheduled annual increases supports a hands-off ownership structure.
Property Size3,205 SF
Lot Size0.67 Acres
Days on Market141
Property Features for 419 Earl Rd
General Information
Standard status
Pending
Size
3,205 SF
Net Rentable
2,814 SF
Lot size
0.67 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.25%
Building Details
Year Built
1988
Year Renovated
1998
Buildings
1
Building Size
3,205 SF
Tenancy
Single
Listing Agency:
Marcus & Millichap - Raleigh
(336) 217-7970
Listed By:
Donald Gilchrist · License #NC 241055
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 6:06PM
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 Marcus & Millichap - Raleigh
Investment Insights
Based on property information with market context.
This single-tenant medical office property includes a 3,205-square-foot building on 0.67 acres, with 2,814 square feet identified as leaseable area. Constructed in 1988 and renovated in 1998, the property has an interior renovation planned within the next two years, while exterior improvements are underway. The lease has been extended for seven years and is structured as absolute NNN, placing no landlord responsibilities on ownership. The corporate guaranty includes 2% annual increases, with a 6.25% current cap rate and a 6.64% cap rate projected over the extension term.
The property is an outparcel to Lowes Home Improvements, adjacent to Aldi, and within 0.2 miles of a Wal-Mart Super Store. It fronts US Hwy 70, East Dixon Hwy, where traffic is reported at 40,000 vehicles per day. The asset is located in the Charlotte NC CSA, approximately 40 miles west of Charlotte.
The property is an outparcel to Lowes Home Improvements, adjacent to Aldi, and within 0.2 miles of a Wal-Mart Super Store. It fronts US Hwy 70, East Dixon Hwy, where traffic is reported at 40,000 vehicles per day. The asset is located in the Charlotte NC CSA, approximately 40 miles west of Charlotte.
Key Highlights
- Single‑tenant medical office building totaling 3,205 square feet on 0.67 acres
- 2,814 square feet of leaseable area
- Seven‑year lease extension under an absolute NNN structure
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 28150, NC
28,517
Population
13,482
Households
2.1
Avg Household Size
44
Median Age
24%
College-Educated
90%
High-School Grad
109.5 sq mi
ZIP Area
260
Density / Sq Mi
$53,027
Median Household Income
$36,843
Median Earnings
$793
Median Rent
$195,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Absolute net lease with corporate guaranty and scheduled annual increases supports a hands-off ownership structure.
Where is this medical office space located?
The property is located at 419 Earl Rd Shelby, NC.
What are key features of this property?
This property features: Single‑tenant medical office building totaling 3,205 square feet on 0.67 acres; 2,814 square feet of leaseable area; Seven‑year lease extension under an absolute NNN structure
