Former QSR For Lease/Sale | 938 Grove St
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Former QSR For Lease/Sale 938 Grove St
1,170 SF Retail Building Shelby, NC 28152 $1,250,000 ($1,068/SF)
Investment Highlights
- Irreplaceable location with frontage along the City of Shelby’s principal commercial corridor
- Retail rent growth is forecasted at an upward trend due to low inventory, depleted pipeline for newly constructed retail
- Annual Average Daily Traffic Count of 40,000 vehicles per day
- Active consumer market with immediate demand for competitive products. Average household Food & Alcohol spending of over $6,338 within a 3-mile radius
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,450
|
$85.00
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,450 |
| Annual Per SF | $85.00 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
1,170 SF
Building Class
C
Year Built/Renovated
2003/2022
Price
$1,250,000
Price Per SF
$1,068
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.40 AC
Zoning
C3 - General Commercial
Parking
8 Spaces (6.84 Spaces per 1,000 SF Leased)
Frontage
68 FT on Dixon Blvd
Amenities
- Freeway Visibility
- Pylon Sign
- Drive Thru
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,170 SF | Restaurant | - | 30 Days |
1st Floor
| Size |
| 1,170 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| 30 Days |
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,170 SF |
| Space Use | Restaurant |
| Position | - |
| Available | 30 Days |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 20871 | Improvements Assessment | $122,938 |
| Land Assessment | $104,400 | Total Assessment | $227,338 |
PROPERTY TAXES
Parcel Number
20871
Land Assessment
$104,400
Improvements Assessment
$122,938
Total Assessment
$227,338
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Former QSR For Lease/Sale | 938 Grove St
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