Technical
Financial
Distress signals
Property profile

2106 Roosevelt Blvd Monroe, NC 28110

OFF-MARKET
Strip malls
Property ID
US53-2158264
53,734 SF 4.86 ac lot Built 1980
Entity Owned 19-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Printing Service
  • Hotel & Motel Resort
  • Restaurant

Location

2106 Roosevelt Blvd Monroe, NC 28110-3793
Monroe metro Census 20401 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
$5.18M
Blend (final) Blend
$5.03M

Owner & transaction history

since 2006
3 recorded transactions
2006
Price N/A
2006
$4.3M
1969
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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