2501 W Roosevelt Blvd
Monroe, NC 28110
CVS Pharmacy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long Term Triple Net Lease (NNN) with 19 Years Remaining | Zero Landlord Responsibilities
- Ideally Located Along W Roosevelt Blvd | More Than 48,700 Vehicles Per Day (VPD)
- Strong Retail Corridor | Adjacent to Walmart and Lowe’s Home Improvement
- Large 61.59% Rent Increase in First Option Period | Hedge Against Inflation
- High Growth Market | Resident Population Increased 12% Since 2010 Within a 5 Mile Radius of Subject Property
- W Roosevelt Blvd is a Main Artery that Leads Directly To and From Charlotte
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,755 SF
Building Class
C
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.63 AC
Zoning
B3
Parking
65 Spaces (6.04 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 09-261-008 | Improvements Assessment | $1,050,500 |
| Land Assessment | $1,467,000 | Total Assessment | $2,517,500 |
