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Retail Space Adjacent to Foodlion 823-841 Nc 24 27 Byp E 1,600 SF of Retail Space Available in Albemarle, NC 28001
Highlights
- Located along the busiest street in Stanley County with over 20,000 cars per day.
- Easy access via two signalized intersections and an additional dedicated turn lane.
- The space is next to a high-volume Foodlion grocery store.
- Great mix of open floor space and back-of-house functionality.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 825 | 1,600 SF | Negotiable | $20.00 /SF/YR $1.67 /SF/MO $32,000 /YR $2,667 /MO | Plus All Utilities |
1st Floor, Ste 825
Former Subway restaurant space available at Eastgate Shopping Center in Albemarle, NC. This ±1,600 SF unit is located within a well-established neighborhood center anchored by Food Lion, offering strong daily traffic and excellent visibility. The space is built out for food service use and includes two large walk-in coolers, existing plumbing, and electrical infrastructure—ideal for a quick-service restaurant, café, or other retail concept. Eastgate Shopping Center provides ample parking, convenient access, and a steady customer base from surrounding residential and retail areas, making it an attractive location for your business.
- Listed lease rate plus proportional share of utilities
- Partially Built-Out as a Restaurant or Café Space
- Space In Need of Renovation
- Central Air and Heating
- Private Restrooms
- Security System
- Drop Ceilings
- Former Subway quick service restaurant space
- Two walk-in coolers in place
- Recently renovated shopping center
- High performing Foodlion Shopping Center
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Retail Space Adjacent to Foodlion
- Tenant
- Description
- US Locations
- Reach
- Cvs Pharmacy
- Drug Store
- 10,280
- National
- Food Lion
- Supermarket
- 1,146
- National
| Tenant | Description | US Locations | Reach |
| Cvs Pharmacy | Drug Store | 10,280 | National |
| Food Lion | Supermarket | 1,146 | National |
Property Facts
| Total Space Available | 1,600 SF | Year Built | 1974 |
| Property Type | Retail | Parking Ratio | 8.06/1,000 SF |
| Property Subtype | Department Store | Cross Streets | E. Main St. (Hwy. 24-27 E.) |
| Gross Leasable Area | 109,234 SF |
| Total Space Available | 1,600 SF |
| Property Type | Retail |
| Property Subtype | Department Store |
| Gross Leasable Area | 109,234 SF |
| Year Built | 1974 |
| Parking Ratio | 8.06/1,000 SF |
| Cross Streets | E. Main St. (Hwy. 24-27 E.) |
About the Property
±1,600 SF Restaurant/Retail Space Former Subway restaurant space available at Eastgate Shopping Center in Albemarle, NC. This ±1,600 SF unit is located within a well-established neighborhood center anchored by Food Lion, offering strong daily traffic and excellent visibility. The space is built out for food service use and includes two large walk-in coolers, existing plumbing, and electrical infrastructure—ideal for a quick-service restaurant, café, or other retail concept. Eastgate Shopping Center provides ample parking, convenient access, and a steady customer base from surrounding residential and retail areas, making it an attractive location for your business. Whether you’re an established brand looking to expand or a growing business ready to make a bold entrance, this space provides the footprint, flexibility, and visibility you need. Enjoy high foot traffic, ample on-site parking, and easy access from major roadways—creating a seamless shopping experience for your customers. Join a strong tenant mix including Food Lion, Ollie’s Bargain Outlet, CVS, and Eastgate Cinemas, and benefit from the built-in customer base and synergy of this well-established retail destination.
- Signage
- Signalized Intersection
Nearby Major Retailers
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Retail Space Adjacent to Foodlion | 823-841 Nc 24 27 Byp E
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