1620 E Roosevelt Blvd - Retail FOR SALE


Monroe, NC 28112
$5,000,000 USD
310-808-3596
1620 E Roosevelt Blvd, Monroe, NC for Sale
$5,000,000 USD
Retail - FOR SALE
1/3
null | 7.27% Cap Rate

1620 E Roosevelt Blvd
Monroe, NC 28112


HIGHLIGHTS

  • Necessity Based Retailers - Anchored by Southern States, Papa John's and Exotic Smoke and Vape.
  • Proximity to Charlotte - Monroe Center is well positioned along Andrew Jackson Hwy (26,000 VPD) which transitions to E Independence Blvd (38,500 VPD).
  • Adjacent Atrium Health Hospital - The largest hospital in Union County with 182 beds and a 24-hour emergency department.

OVERVIEW

100% occupied Southern States–anchored retail property on 7.36 acres along E. Roosevelt Boulevard, Monroe’s primary commercial corridor, offering high visibility and strong traffic exposure. Southern States is 95% of the GLA, alongside Papa John’s, Exotic Smoke & Vape, and a Bank of America ATM, providing daily customer traffic. As a leading agricultural supply and rural lifestyle retailer, Southern States is a strong, necessity-oriented tenant that draws consistent customers from the surrounding community.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$111 USD /SF

CAP RATE

7.27%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monroe Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1994

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

CROSS STREETS

Hwy 74 & Hwy 601

LAND ACRES

7.36 AC

LAND SF

320,602 SF

ZONING

-

APN/PARCEL ID

09-156-004-B

ASK ABOUT THIS PROPERTY

Devon DykstraBerkeley Capital AdvisorsMore Info
310-808-3596

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Devon DykstraBerkeley Capital AdvisorsMore Info
310-808-3596

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.