Shopping Strip
Eastland Promenade
5534 Albemarle Rd, Charlotte, NC 28212
Listing Price: $6,000,000
Gross SF
26,615
Rentable SF
26,615
Price/Gross SF
$225.44
Lot Size
2.58 acres
Year Built
1988
Investment Overview
Marcus & Millichap is pleased to present for sale Eastland Promenade located in Charlotte, North Carolina.
Eastland Promenade
Investment Highlights
- 26,615 SF Multi-Tenant Retail Center | 99 Parking Spaces
- Ten (10) Suites | Average Suite Size: 2,661 SF
- Short Leases Allow for Reposition Opportunity | WALT: 0.6 Years | No Renewal Options
- Significant Mark-to-Market Leasing Opportunity | Average Rent Per SF: $13.50 (Gross) | 5-Year CAGR: 13%
- Desirable Infill Location | 250 Feet of Frontage on Albemarle Rd with 41,500+/- VPD
- 5 Miles (10-Minute Drive) to Uptown Charlotte
- Dense Demographics: More Than 112,000 Population in 3-Mile Radius
- Adjacent to Eastland Yards Mixed-Use Development (80 acres) | Significant Public & Private Investment Transforming Surrounding Trade Area
Listing Price: $6,000,000
Gross SF
26,615
Rentable SF
26,615
Price/Gross SF
$225.44
Lot Size
2.58 acres
Year Built
1988
Investment Highlights
- 26,615 SF Multi-Tenant Retail Center | 99 Parking Spaces
- Ten (10) Suites | Average Suite Size: 2,661 SF
- Short Leases Allow for Reposition Opportunity | WALT: 0.6 Years | No Renewal Options
- Significant Mark-to-Market Leasing Opportunity | Average Rent Per SF: $13.50 (Gross) | 5-Year CAGR: 13%
- Desirable Infill Location | 250 Feet of Frontage on Albemarle Rd with 41,500+/- VPD
- 5 Miles (10-Minute Drive) to Uptown Charlotte
- Dense Demographics: More Than 112,000 Population in 3-Mile Radius
- Adjacent to Eastland Yards Mixed-Use Development (80 acres) | Significant Public & Private Investment Transforming Surrounding Trade Area
Investment Overview
Marcus & Millichap is pleased to present for sale Eastland Promenade located in Charlotte, North Carolina.
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