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Property profile & analytics
OFF-MARKET Estimated value $5,025,000
Strip malls

2106 Roosevelt Blvd Monroe, NC 28110-3793

53,734 SF 4.86 ac lot Built 1980
Entity Owned 19-yr Hold Free & Clear
Property ID
US53-2158264
Property summary
AI-generated overview

This exceptional retail space, totaling 1,560 square feet, is situated within the thriving Monroe Town Square Shopping Center in Monroe, North Carolina. Located at 2106 W Roosevelt Blvd, 28110, this single-tenant property benefits from its strategic position at the intersection of US-HWY 74 W and SR-1501, providing excellent visibility and accessibility. The center itself is anchored by a Food Lion, ensuring consistent foot traffic and a strong customer base. The property enjoys convenient access to Charlotte via US-74 BYP and US-74 W, serving a substantial population of approximately 36,625 people within a 10-minute radius. West Roosevelt Blvd sees impressive daily traffic exceeding 50,000 vehicles, guaranteeing high exposure for your business. The surrounding area boasts a robust retail landscape, including prominent national retailers such as Target, TJ Maxx, Ross, Harbor Freight, Chick-fil-A, Belk, Walmart, Lowe's, and JC Penney, creating a synergistic environment for retail success. The property offers full access points on US HWY 74 and Seacrest Short Cut Rd, along with ample parking and pylon signage opportunities for enhanced brand visibility. The lease rate is $14.00 per square foot, NNN, with estimated NNN expenses of approximately $2.76 per square foot. The total building size of the shopping center is 59,599 square feet. This is a fantastic opportunity for a business seeking a high-traffic, well-located retail space in a thriving community.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1980
Total area 53,734 SF
Lot 4.86 ac (211,745 SF)
Zoning code GB MONROE
APN 09-216-070
UPID US53-2158264
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
Current use
Occupant on record · Public records
  • Kelley's Copies Fax & Gifts (Bike/Boat/Book/etc) Store Printing Service
  • maria's banquets and events salon Hotel & Motel Resort
  • Ajimi Japanese Cuisine Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.18M
Blend (final) Blend
$5.03M
Owner & transaction history
Town Square Center LLC · 19 yrs held
Town Square Center LLC
since 2006
3 recorded transactions
2006
Price N/A
2006
$4.3M
1969
Price N/A
Zoning & alternative use
GB MONROE · Monroe, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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