938 Grv St Shelby, NC 28152-6850

Property Details for 938 Grv St

Year built

2003

Property size

1,170 SF

Zone code

GB

Property type

Drive through restaurants

APN

20871

APU

20871

Description

This 1,170 sq ft vacant retail space, previously a Checkers, is available for lease or sale in Shelby, NC. Located on a 0.4-acre lot with prime frontage on US 74 (East Dixon Blvd), this Class B building boasts an exceptional location with an annual average daily traffic count of 40,000 vehicles. Built in 2003 and renovated in 2022, the single-story building features eight parking spaces and is zoned GB. The Shelby retail market shows a low 2.9% vacancy rate, with rent growth exceeding the national average. This property is ideal for a quick-service restaurant (QSR) due to its drive-thru potential and is situated within a thriving commercial corridor offering easy access to major amenities and surrounding areas. The surrounding area boasts a strong demographic profile, with over 25,000 residents within a 3-mile radius and projected growth of over 11,000 households by 2028. Average household income within a 1-mile radius exceeds $61,000, and average household food and alcohol spending surpasses $6,338 within a 3-mile radius. This presents a unique opportunity to capitalize on a robust retail market with high demand and significant growth potential. The property's location on Shelby's principal thoroughfare ensures high visibility and accessibility, making it an attractive investment for a QSR operator seeking a prime location in a thriving market. The building's recent renovation ensures a move-in ready condition, minimizing upfront costs and maximizing return on investment. This is an exceptional opportunity to establish or expand a successful business in a high-growth area.

Location Insight

City

Shelby

County

Cleveland

State

North Carolina

Longitude

-81.5244

Latitude

35.2739

CBSA code

43140

CBSA name

SHELBY, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments