NNN Retail Property with Corporate
For Sale
Contact for pricing
423 Earl Road, Shelby, NC 28150
Freestanding retail facility leased on a NNN basis with no landlord operating responsibilities or expenses.
Property Size23,500 SF
Lot Size2.49 Acres
Days on Market144
Property Features for 423 Earl Road
General Information
Standard status
Active
Size
23,500 SF
Lot size
2.49 Acres
Property subtype
Retail
Additional Details
Traffic Count
33,000 vehicles/day
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
CBRE - Philadelphia Suburban
(484) 567-2340
Listed By:
Michael Shover · License #PA RS297166
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 9:35PM
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 - Philadelphia Suburban
Investment Insights
Based on property information with market context.
This 23,500-square-foot retail building occupies a 2.49-acre parcel at 423 Earl Road in Shelby, North Carolina. OfficeMax has operated at the site since 2003 under a NNN lease, with no landlord responsibilities or expenses. The current term has under 2 years remaining in its initial 15-year period, followed by three 5-year renewal options that include increases.
The property is adjacent to Lowe’s Home Improvement and has visibility and signage from E Dixon Blvd, a major Shelby retail corridor carrying 33,000 vehicles daily. National retailers in the surrounding area include Walmart, KMart, Walgreens, Dunkin’ Donuts, ALDI, Lidl, Chick-Fil-A, Burger King, and McDonald’s. Shelby High School is across the street, with over 800 students enrolled. The lease is corporately guaranteed by OfficeMax/Office Depot, a publicly traded company rated B by Standard & Poor’s.
The property is adjacent to Lowe’s Home Improvement and has visibility and signage from E Dixon Blvd, a major Shelby retail corridor carrying 33,000 vehicles daily. National retailers in the surrounding area include Walmart, KMart, Walgreens, Dunkin’ Donuts, ALDI, Lidl, Chick-Fil-A, Burger King, and McDonald’s. Shelby High School is across the street, with over 800 students enrolled. The lease is corporately guaranteed by OfficeMax/Office Depot, a publicly traded company rated B by Standard & Poor’s.
Key Highlights
- 23,500‑square‑foot building on a 2.49‑acre parcel
- NNN lease with no landlord responsibilities or expenses
- Under 2 years remaining in the initial 15‑year lease term
Property Analytics
Property Profile
Current Use
Lease Details
33,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
503
Businesses Nearby
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding retail facility leased on a NNN basis with no landlord operating responsibilities or expenses.
Where is this nnn property located?
The property is located at 423 Earl Road Shelby, NC.
What are key features of this property?
This property features: 23,500‑square‑foot building on a 2.49‑acre parcel; NNN lease with no landlord responsibilities or expenses; Under 2 years remaining in the initial 15‑year lease term
