629 & 633 Monroe Street, Eden, NC 27288
Two renovated NNN storefronts in downtown Eden, with one currently occupied and the other offered with business assets.
- Added:
- Jun 25, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 27 at 5:46 am
Property Features for 629 & 633 Monroe Street
General Information
- Standard status
- Active
- Size
- 4,781 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1945
Listing office Linville Team Partners (336) 724-1715
Listing date Jun 25, 2026
Source Ltpcommercial
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Linville Team Partners
HighLights
- Two renovated retail storefronts at 629 & 633 Monroe Street in downtown Eden.
- ±4,781 total SF combined between the two spaces.
- Absolute NNN lease with annual NOI of $30,000.
- 629 Monroe Street is occupied and income producing.
- 633 Monroe Street is offered with business assets, including all fixtures, furniture, and equipment.
- Can be sold as a portfolio or separately.
Overview
629 Monroe Street is occupied and income producing. 633 Monroe Street is offered for sale as business and real estate, and the package includes all fixtures, furniture, and equipment. The overall structure is an Absolute NNN lease, with annual NOI of $30,000 as stated in the offering materials.
For tenants, investors, or operators seeking a straightforward retail ownership structure, the Absolute NNN terms and existing tenant occupancy at 629 provide an established income profile. Buyers who prefer to acquire the asset with operational components may be particularly interested in 633, which is being sold with the included fixtures, furniture, and equipment. The ownership can be purchased as a portfolio or separately, depending on how the parties want to structure their acquisition.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.7k | $15.00 |
| − Vacancy | −$4.5k | −$0.94 |
| EGI | $67.2k | $14.06 |
| − OpEx | −$20.2k | −$4.22 |
| NOI | $47.0k | $9.84 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Simply The Best Flowers & Gifts — 349 W Kings Hwy, Eden, NC 27288
- Creative Expressions Florist — 609 Washington St, Eden, NC 27288
- Bateman's Flowers — 914 2nd St, Eden, NC 27288
- Johnson's — 657 Washington St, Eden, NC 27288
Location Insight
- Map
- Local Demand
- City
- Eden
- County
- Rockingham
- State
- North Carolina
- Longitude
- -79.764602
- Latitude
- 36.491257
