Former QSR For Lease/Sale 938 Grove St 1,170 SF Retail Building Shelby, NC 28152 $1,744,900 CAD ($1,491.37 CAD/SF)

Positioned along Shelby’s most prominent commercial corridor, this freestanding QSR facility at 938 Grove Street offers an irreplaceable location with direct frontage on East Dixon Boulevard (U.S. 74), which sees an impressive 40,000 vehicles per day. The 0.4-acre site includes a 1,170 SF building constructed in 2003, previously occupied by a Checkers franchise, and is now delivered vacant—ready for a new owner to capitalize on the high-traffic visibility and drive-thru infrastructure.
Shelby’s retail market is experiencing strong momentum, with a vacancy rate of just 2.9% and no new retail construction underway. Rent growth has outpaced national averages, rising 15.1% over the past three years. The surrounding area supports robust consumer demand, with over $6,338 in average household food and alcohol spending within a 3-mile radius and a population exceeding 25,000. The property is surrounded by major retailers including Walmart, ALDI, Lowe’s, Starbucks, and Planet Fitness, and is minutes from Shelby High School and Cleveland Mall.
This asset is ideally suited for investors seeking a high-performing retail corridor with limited future supply and strong demographic fundamentals. Comparable sales in the region support the asking price, with similar QSR facilities trading at over $1,000 PSF.