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426 Albemarle Road, Troy, NC 27371
Multi-tenant retail center along Albemarle Road with multiple access points and established commercial surroundings.
Property Size37,100 SF
Price / SF$58.22
Days on Market6
Property Features for 426 Albemarle Road
General Information
Standard status
Active
Size
37,100 SF
Property subtype
Retail
Occupancy
70%
Lease Type
NNN
Net Operating Income
$110,752
Site & Location
Traffic Count
15,000 vehicles/day
Road Access
Yes
Building Details
Year Built
1973
Buildings
1
Stories
1
Units
10
Tenancy
Multi
Listing Agency:
Matthews
Listed By:
Cole Abel · License #363402
Source:
Crexi
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 8:17PM
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 Matthews
Investment Insights
Based on property information with market context.
The offering comprises the fee-simple interest in a 37,100-square-foot neighborhood retail center at 426 Albemarle Road in Troy, North Carolina. Built in 1973, the unanchored property contains nine tenant spaces and is currently 70.35% occupied, with a 1.3-year WALT. Multiple access points serve the center, and its position along Albemarle Road places it within Troy’s primary retail corridor.
The property is located in the commercial heart of Montgomery County, with nearby national retailers and local businesses. Albemarle Road carries nearly 15,000 vehicles per day, while Troy provides access to the Uwharrie National Forest, Badin Lake, and Lake Tillery. The existing occupancy, tenant count, and remaining lease term provide a defined operating profile for prospective ownership to evaluate.
The property is located in the commercial heart of Montgomery County, with nearby national retailers and local businesses. Albemarle Road carries nearly 15,000 vehicles per day, while Troy provides access to the Uwharrie National Forest, Badin Lake, and Lake Tillery. The existing occupancy, tenant count, and remaining lease term provide a defined operating profile for prospective ownership to evaluate.
Key Highlights
- 37,100‑square‑foot unanchored neighborhood retail center
- 70.35% occupied across nine tenants
- 1.3‑year WALT
Property Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
464
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 27371, NC
7,284
Population
3,900
Households
1.9
Avg Household Size
44
Median Age
23%
College-Educated
85%
High-School Grad
143.4 sq mi
ZIP Area
51
Density / Sq Mi
$62,392
Median Household Income
$34,933
Median Earnings
$584
Median Rent
$157,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Lucky Laces — 25 Van Campen Blvd # 103, Wilmington, NC 28403
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail center along Albemarle Road with multiple access points and established commercial surroundings.
Where is this shopping center located?
The property is located at 426 Albemarle Road Troy, NC.
What is the asking price?
The asking price for this property is $2,160,000.
What are key features of this property?
This property features: 37,100‑square‑foot unanchored neighborhood retail center; 70.35% occupied across nine tenants; 1.3‑year WALT
