1302 Roosevelt BlvdMonroe, NC 28110

Property Details for 1302 Roosevelt Blvd

Year built

2014

Construction

WOOD

Lot size

0.78 AC

Property size (Sq ft)

3,176 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

09-225-048

APU

9225048

Description

This exceptional retail sublease opportunity presents a 3,176 square foot building situated on a 0.78-acre lot in Union County. Ideally located on West Roosevelt Boulevard at a signalized intersection, this property boasts high visibility and excellent accessibility for customers. The space is a second-generation quick-service restaurant (QSR) featuring a drive-thru, a significant advantage for this type of business. The sublease term extends through December 31st, 2033, with options available for extension, providing long-term stability for the tenant. The property's single-tenant occupancy ensures ease of management and streamlined operations. The substantial lot size offers ample parking and potential for future expansion or outdoor seating. This is a rare opportunity to acquire a well-positioned, established retail space with a proven track record in a high-traffic location. The existing infrastructure and drive-thru capability significantly reduce the upfront investment and time required to establish a thriving business. This property is perfect for a variety of QSR concepts or similar businesses seeking a turnkey solution in a prime commercial location. The strategic location and existing improvements make this an attractive investment for discerning business owners.

• CAP approach

  CAP return

  Valuation

  6%

  $1,319,164

  6.5%

  $1,217,690

  7%

  $1,130,712

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,355,316

  Geo Method

  $1,355,316

• Alternative Use

  Use

  Valuation

  Residential

  $1,027,167

  Hospitality

  $940,879

  Educational

  $782,800

  Medical

  $809,722

  Retail

  $1,217,690

Location Insight

City

Monroe

County

Union

State

North Carolina

Latitude

34.9958

Longitude

-80.5426

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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