Property profile

1302 West Roosevelt Blvd Monroe, NC 28110

FOR LEASE
Drive through restaurants
Property ID
US53-3988212
3,176 SF 0.78 ac lot Built 2014
Entity Owned Free & Clear
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1302 West Roosevelt Blvd, Monroe, NC 28110 For Lease
$445,000 3,176 SF available
1302 West Roosevelt Blvd, Monroe, NC 28110
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Property summary

AI-generated overview

This exceptional retail sublease opportunity presents a 3,176 square foot building situated on a 0.78-acre lot in Union County. Ideally located on West Roosevelt Boulevard at a signalized intersection, this property boasts high visibility and excellent accessibility for customers. The space is a second-generation quick-service restaurant (QSR) featuring a drive-thru, a significant advantage for this type of business. The sublease term extends through December 31st, 2033, with options available for extension, providing long-term stability for the tenant. The property's single-tenant occupancy ensures ease of management and streamlined operations. The substantial lot size offers ample parking and potential for future expansion or outdoor seating. This is a rare opportunity to acquire a well-positioned, established retail space with a proven track record in a high-traffic location. The existing infrastructure and drive-thru capability significantly reduce the upfront investment and time required to establish a thriving business. This property is perfect for a variety of QSR concepts or similar businesses seeking a turnkey solution in a prime commercial location. The strategic location and existing improvements make this an attractive investment for discerning business owners.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2014
Construction WOOD
Total area 3,176 SF
Lot 0.78 ac (33,933 SF)
APN 09-225-048
UPID US53-3988212

Cap rate & NOI

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

Location

1302 West Roosevelt Blvd Monroe, NC 28110
Monroe metro Census 20601 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$445k

Owner & transaction history

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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More about this property
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