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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

0 Monroe Way & Windmere Dr Monroe, NC 28110

3.03 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 3.027-acre outparcel presents a remarkable investment opportunity in Monroe, North Carolina. Boasting a highly desirable location at the intersection of Monroe Way and Windmere Drive, this property offers unparalleled visibility and accessibility with signalized access from Highway 74. Situated directly in front of Novant Health Presbyterian Medical Center and across from the established Poplin Place shopping center (anchored by Target), this site benefits from significant existing traffic and a thriving retail environment. The surrounding area is experiencing rapid growth, with new retail developments further enhancing the property's value and potential. Union County, where this property is located, is recognized as one of the fastest-growing counties in North Carolina and ranks among the top 10 developing counties nationwide. This presents a unique chance to capitalize on a booming market. The property is zoned for retail, office, and land use, allowing for a variety of development options. The asking price is $3,144,000. The site is part of an upscale mixed-use village encompassing 54,292 square feet of retail shops designed for specialty shops, restaurants, and other professional/commercial uses. A 100,000 square foot medical office building anchored by Presbyterian Hospital further solidifies the area's strong medical presence. This prime location, coupled with the area's robust growth trajectory and existing infrastructure, makes this outparcel an exceptional investment opportunity with significant long-term potential. APN: 09298358.

Property profile
Verified
Property type Retail properties & Spaces
Lot 3.03 ac (131,856 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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