Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1302 West Roosevelt Blvd Monroe, NC 28110

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,176 SF restaurant with drive-thru available for sublease.

    Property Features for 1302 West Roosevelt Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Kaitlyn Fitch
    Source: Cbre

    Listing Agent: Kaitlyn Fitch

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Restaurant with Drive-Thru for Sublease

    This is a second-generation quick-service restaurant (QSR) with a drive-thru available for sublease. The property encompasses 3,176 square feet and is situated on approximately 0.78 acres. The sublease term extends through December 31, 2033, with options. The property is well-positioned on Roosevelt Boulevard at a signalized intersection.
    Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monroe
    County
    Union
    State
    North Carolina
    Longitude
    -80.5425476
    Latitude
    34.995701

    Nearby Similar for Lease

    • $10,600 /Mo
      66,647 SF

      Retail Space in High-Traffic Area

      10,400 SF retail space in Monroe, NC for lease.
      2520 W Roosevelt Blvd, Monroe, NC 28110
      View Details
    • Contact for pricing
      4,000 SF

      Monroe Flex Space Available

      4,000 SF suite with private offices and parking.
      1643 Campus Park Dr, Monroe, NC 28112
      View Details
    • $2,550 /Mo
      10,890 SF

      Prime Office Space Near Courthouse

      Office space near Monroe Courthouse with modern convenience and historic charm.
      105 S Main St, Monroe, NC 28112
      View Details
    • Contact for pricing
      2,500 SF

      Monroe Industrial Suites Available For Rent

      Industrial suites with dock-high access for rent in Monroe.
      2740 Gray Fox Rd, Monroe, NC 28110
      View Details
    • Contact for pricing
      12,000 SF

      12,000 SF Soccer Facility

      Freestanding 12,000 SF soccer facility on 2.55 acres.
      2620 Nelda Dr, Monroe, NC 28110
      View Details
    • Contact for pricing

      Retail Space in Monroe, NC

      Retail space available for rent in Monroe, North Carolina.
      2833 Highway 74 W, Monroe, NC 28110
      View Details
    • $16 SF/Yr
      1,500 SF

      Industrial Space Available For Lease

      1,500 SF industrial space with office and dock-high loading.
      2630 Nelda Dr, Monroe, NC 28110
      View Details
    • Contact for pricing

      Regional Mall in Monroe, NC

      395,000 square foot regional mall in suburban Charlotte, NC.
      2115 W Roosevelt Blvd, Monroe, NC 28110
      View Details
    • $22 SF/Yr
      1,290 SF

      Prime Retail/Office Space Available

      1,290 SF end-cap suite near Monroe Crossing Mall.
      2160 Commerce Dr, Monroe, NC 28110
      View Details
    • Contact for pricing

      Industrial Space in Monroe, NC

      4,000 SF industrial suite available for lease.
      3308 Westwood Industrial Dr, Monroe, NC 28110
      View Details
    • Contact for pricing

      Monroe Commercial Space For Rent

      Commercial suite available near Downtown Monroe, with easy highway access.
      1635 Morgan Mill Rd, Monroe, NC 28110
      View Details
    • New
      Contact for pricing
      2,000 SF

      Monroe Warehouse Space Available

      Industrial warehouse space for rent in Monroe, North Carolina.
      3904 Sardis Church Rd, Monroe, NC 28110
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - 3,176 SF restaurant with drive-thru available for sublease.
    Where is this drive through restaurant located?
    The property is located at 1302 West Roosevelt Blvd Monroe, NC.
    What are key features of this property?
    This property features: - Drive-thru QSR (Quick Service Restaurant) opportunity; - Favorable sublease term through 12/31/33 with options; - Strategic location on Roosevelt Blvd at a signalized intersection
    (704) 331-1226
    Request Owner's contact information
    1302 West Roosevelt Blvd Monroe, NC 28110
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1302 West Roosevelt Blvd
    Monroe, NC 28110
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1302 West Roosevelt Blvd Monroe, NC 28110
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kaitlyn Fitch
    Real Estate License ID: NC 313498
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!