For Sale
$1,562,203

2105 Roosevelt BlvdMonroe, NC 28110

High-Yield Auto Shop, NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a fee-simple owned, 1,140 square foot Jiffy Lube, a subsidiary of Shell Oil Company (S&P A+ rating), located at 2105 W Roosevelt Blvd, Monroe, NC 28110. The property boasts a strong credit tenant with a 20-year absolute NNN lease, eliminating landlord responsibilities. The asking price is $1,562,203, representing a price per square foot of $1,370 and a 6.40% cap rate. The property generates a substantial net operating income (NOI) of $99,981 annually, with 100% occupancy. Built in 1990, this single-story building sits on a highly visible outparcel of the Monroe Crossing Center, a prominent shopping center anchored by national retailers including Chick-fil-A, Best Buy, Belk, and Planet Fitness. The location benefits from exceptional traffic counts, estimated at approximately 158,000 vehicles per day, and enjoys close proximity to numerous other national and regional restaurants and retailers, including Walmart, Lowe's, Chipotle, Taco Bell, and Advance Auto Parts. This prime location ensures consistent high traffic and visibility, making it an ideal investment for long-term growth and passive income. The property is situated in Union County, North Carolina.

Highlights

  • $1,562,203 asking price for this 1,140 SF auto shop.
  • Absolute NNN lease with a strong credit tenant (Jiffy Lube, a Shell Oil subsidiary with an S&P A+ rating).
  • 20-year leaseback commencing at closing.
  • Located in Monroe, NC, as an outparcel of Monroe Crossing Center, near other national retailers.
  • High traffic area with approximately 58,000 vehicles per day passing the site.
  • Excellent location near numerous restaurants and other retail establishments.

Property Details for 2105 Roosevelt Blvd

Property type
Retail properties, Auto shops
Year Built
1990
Buildings
1
Stories
1
Units
1

Location Insight

City
Monroe
County
Union
State
North Carolina
Latitude
35.0043091
Longitude
-80.5568153
2105 Roosevelt Blvd, Monroe, North Carolina

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2105 Roosevelt Blvd
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