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5534 Albemarle Rd
Charlotte, NC 28212
Eastland Promenade · Retail Property For Sale
Investment Highlights
- 26,615 SF Multi-Tenant Retail Center | 99 Parking Spaces
- Short Leases Allow for Reposition Opportunity | WALT: 0.6 Years | No Renewal Options
- Desirable Infill Location | 250 Feet of Frontage on Albemarle Rd with 41,500+/- VPD
- Ten (10) Suites | Average Suite Size: 2,661 SF | New Roofs Installed in 2025
- Significant Mark-to-Market Leasing Opportunity | Average Rent Per SF: $13.50 (Gross) | 5-Year CAGR: 13%
- 5 Miles (10-Minute Drive) to Uptown Charlotte
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Building Size
26,615 SF
Building Class
C
Year Built
1988
Price
$6,000,000
Price Per SF
$225.44
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
5.91 AC
Zoning
B-1 (CD)
Parking
112 Spaces (4.21 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Tenant Controlled HVAC
Property Taxes
| Parcel Number | 133-051-01 | Improvements Assessment | $3,634,000 |
| Land Assessment | $1,466,800 | Total Assessment | $5,100,800 |
Property Taxes
Parcel Number
133-051-01
Land Assessment
$1,466,800
Improvements Assessment
$3,634,000
Total Assessment
$5,100,800
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