Listed by Marcus & Millichap - Charlotte Uptown, Marcus & Millichap - Raleigh, Marcus & Millichap - Charleston
$6,000,000
Eastland Promenade
Details
Property Type Retail
Sub Type Storefront
Square Footage 26,615
Net Rentable (SqFt) 26,615
Units 10
Occupancy 100%
Tenancy Multi
Lease Expiration 12/30/2026
Remaining Term 0.6
Price per SqFt $225
Year Built 1988
Buildings 1
Stories 1
Acreage 2.580
Zoning B-1 (CD)
Investment Type Value Add
Retail | 26,615 SqFt
Investment highlights
- 26,615 SF Multi-Tenant Retail Center | 99 Parking Spaces
- Ten (10) Suites | Average Suite Size: 2,661 SF | New Roofs Installed in 2025
- 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 Contacts
Listed by Marcus & Millichap - Charlotte Uptown, Marcus & Millichap - Raleigh, Marcus & Millichap - Charleston
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