2105 Roosevelt BlvdMonroe, NC 28110

Property Details for 2105 Roosevelt Blvd

Year built

1990

Lot size

0.37 AC

Property size (Sq ft)

1,140 SF

Zone code

GB MONROE

Property type

Retail properties

Property subtype

Auto shops

APN

09-264-003C

APU

09264003C

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $473,503

  6.5%

  $437,080

  7%

  $405,860

• Comparable approach

  Method

  Valuation

  Relative Method

  $486,480

  Geo Method

  $486,480

• Alternative Use

  Use

  Valuation

  Residential

  $368,693

  Hospitality

  $337,721

  Educational

  $280,980

  Medical

  $290,643

  Retail

  $437,080

Location Insight

City

Monroe

County

Union

State

North Carolina

Latitude

35.0043

Longitude

-80.5568

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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