Property profile

5132 Old Charlotte Hwy Monroe, NC 28110

OFF-MARKET
Grocery and convenience stores
Property ID
US53-4910003
49,710 SF 14.44 ac lot Built 2017
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

Hanfield Village Shopping Center offers exceptional retail space opportunities in the thriving Indian Trail, NC market. This Publix-anchored center boasts a strong tenant mix, including popular restaurants like East Coast Wings, Shoku, and Jet's Pizza, alongside national brands such as Club Pilates and Geico. The center's strategic location is surrounded by residential areas and enjoys high visibility across the street from Sun Valley Middle and High Schools. Multiple spaces are available, ranging from 1,751 to 3,237 contiguous square feet, with a minimum divisible space of 2,096 square feet. The property benefits from a combined 38,000 average daily traffic count (ADT) on Wesley Chapel Stouts and Old Charlotte Highway, ensuring significant foot traffic and visibility for your business. Furthermore, a major infrastructure improvement is underway: the widening of Old Monroe Road from two to four lanes (NCDOT Project U-4714), which will further enhance accessibility and visibility for the center. This project promises increased traffic flow and improved connectivity, making Hanfield Village Shopping Center an even more attractive location for businesses seeking high-traffic exposure and a strong community presence. This is a prime opportunity to establish or expand your retail presence in a rapidly growing area.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2017
Construction WOOD FRAME
Total area 49,710 SF
Lot 14.44 ac (628,876 SF)
Zoning code CZ INDIAN TRAIL
APN 07-072-011B
UPID US53-4910003

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 Loan Service
  • Pharmacy
  • Cinema (Bike/Boat/Book/etc) Store
  • Bank Credit Union
  • Take-out & Catering Catering Service

Location

5132 Old Charlotte Hwy Monroe, NC 28110-7342
Monroe metro Census 20307 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.53M
CAP Approach CAP
$9.39M
Comparable Approach Comparable
$7.62M
Blend (final) Blend
$8.18M

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2022
$28.2M

Zoning & alternative use

CZ INDIAN TRAIL · 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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