Property profile

100 Sunset Dr Monroe, NC 28112

OFF-MARKET
Strip malls
Property ID
US53-3816078
60,508 SF 4.96 ac lot Built 1976
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Sunset Plaza, located at 100 E Sunset Dr in Monroe, North Carolina, presents a unique opportunity within the thriving Union County market. This Class A retail center encompasses a total of 58,228 square feet on a 0.75-acre lot, offering a blend of existing retail space and potential for build-to-suit development. Currently, 11,509 square feet is available for lease, providing flexibility for expansion or new tenancy. The property's "Multiple" tenancy structure indicates a diverse and established tenant base, contributing to a strong and stable income stream. The property is categorized as both Retail and Land, allowing for a variety of uses and development options. Its prime location in Monroe, NC, zip code 28112, ensures high visibility and accessibility for businesses. The property's classification as a Shopping Center suggests a well-designed layout optimized for retail operations, potentially including ample parking and convenient access points. This is an exceptional opportunity for businesses seeking a prominent location in a growing market, offering the potential for both immediate occupancy and long-term growth. The available space presents a chance to establish a new presence or expand an existing operation within a successful retail environment. Interested parties are encouraged to explore the possibilities presented by this versatile and well-situated property.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1976
Total area 60,508 SF
Lot 4.96 ac (215,840 SF)
Zoning code GB MONROE
APN 09-234-039G
UPID US53-3816078

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Atm
  • Bank Credit Union
  • (Bike/Boat/Book/etc) Store
  • Atm

Location

100 Sunset Dr Monroe, NC 28112-6057
Monroe metro Census 20502 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.80M

Owner & transaction history

since 2021
Last sale
$6.0M
3 recorded transactions
2021
$560,000
2021
$1.7M
2021
Price N/A

Zoning & alternative use

GB MONROE · Monroe, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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