423 Earl Rd
Shelby, NC 28150
OfficeMax/Office Depot · Retail Property For Sale

CBRE is pleased to exclusively present for sale this OfficeMax property located on Earl Road in Shelby, North Carolina. This is a NNN lease with no landlord responsibilities or expenses. OfficeMax has been operating at this location since 2003 showing commitment to and success at this site. The lease currently has under 2 years remaining in its initial 15 year lease with three, five year options to renew with increases. This 23,500 square foot building sits on a large 2.49 acre parcel adjacent to Lowe's Home Improvement store. The lease is corporately guaranteed by OfficeMax/Office Depot, a publicly traded company rated B by Standard & Poor's. OfficeMax sits on Earl Road with visibility and signage from E Dixon Blvd, the major throughway and retail corridor in Shelby with 33,000 vehicles traveling by daily. The site is surrounded by countless national retailers including Walmart, KMart, Walgreens, Dunkin' Donuts, ALDI, Lidl, Chick-Fil-A, Burger King and McDonald's to name a few. There are minimal office supply competitors located within this market. The property is also located across the street from Shelby High School with over 800 students enrolled. Shelby, NC is the county seat and home to Cleveland County Schools, Gardner-Webb University and Cleveland Community College, all of which are customers of OfficeMax. There are 4,913 people within 1 mile, 21,921 people within 3 miles and 34,765 people within 5 miles of the subject property. Shelby is situated in Cleveland County, NC approximately 45 miles from Charlotte.