2021 Roosevelt Blvd Monroe, NC 28112-4133
Property profile & analytics
2021 Roosevelt Blvd Monroe, NC 28112-4133
- Warehouses
- 72,000 SF
- 9.02 lot acres
Property ID
US53-0791305
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- KFC / Restaurant
- Royal Palm Pools Inc / Industrial Manufacturer / Production Facility
Property Details for 2021 Roosevelt Blvd
- Year built
- 1971
- Lot size
- 9.02 lot acres
- Property size
- 72,000 SF
- Zone code
- G-I MONROE
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 09-117-004
- APU
- 9117004
Description
This exceptional investment opportunity presents a fee-simple ownership of a 3,276 square foot KFC restaurant located at 2021 W Roosevelt Blvd, Monroe, NC 28110. The property sits on a 1.308-acre lot in a high-traffic retail corridor, boasting 63,735 cars per day passing by. This single-tenant, absolute NNN lease with FQSR, LLC (the largest KFC franchisee in the U.S.) offers a remaining term of 20 years, expiring July 31, 2044, with two 5-year renewal options. The lease includes a 7% rent increase every five years, ensuring consistent income growth. The property's strong performance is reflected in its Net Operating Income (NOI) of $193,000, resulting in a 6.15% cap rate. Built in 2016, this well-maintained building benefits from its location near major retailers such as Target, Walmart, and Lowe's, as well as Wingate University and Atrium Health Union. The tenant's commitment is further evidenced by a planned remodel by the end of 2026. This high-volume location significantly outperforms the KFC systemwide average, demonstrating an attractive 8.18% rent-to-sales ratio. The property's strong demographics, including a 5-mile radius population of 51,111 and a 1-mile radius average household income of $92,371, contribute to its exceptional investment potential. The property is zoned C. This is a rare opportunity to acquire a stable, high-performing asset with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,080,000
- AI Estimate
- $3,385,000
Market price range: $3.37M - $9.71MMarket price range: $2.20M - $5.98M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $6,240,000 Current use
- OFFICE BUILDING
- $7,705,000 Change: +23% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Union
- State
- North Carolina
- Longitude
- -80.4927
- Latitude
- 34.9798
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$23,657
$581,800
$1,587,600
$2,169,400
-
$581,800
$1,587,600
$2,169,400
