1908 Old Charlotte Hwy
Monroe, NC 28110
SunTrust · Retail Property For Sale

The subject investment property is situated on Old Charlotte Highway, which boasts average daily traffic counts exceeding 16,000 vehicles, respectively. Old Charlotte Highway intersects with Dickerson Boulevard, which brings serves as an access road to Route-74 and have a combined average daily traffic count of nearly 80,000 vehicles. There are more than 29,450 individuals residing within a three-mile radius of the property and more than 53,780 individuals within a five-mile radius. The subject property benefits from being well-positioned in a highly dense retail corridor consisting of national and local tenants, shopping centers, hospitality accommodations and academic institutions all within close proximity of this property. Major national tenants include: Walmart, Lowe’s, CVS, Walgreens, Bi-Lo, Belk, Dollar General, Family Dollar, Dollar Tree, Aaron’s, Advance Auto Parts, Chick-fil-A and several other quick service restaurants. This SunTrust Bank also benefits from being situated within a five-mile radius of several academic institutions. The most notable being Wingate University, which has a total enrollment exceeding 3,100 students and is located less than 10 miles from the subject property. Carolinas HealthCare System Union, a 157-bed, a general medical, surgical and teaching facility, is located less than ten miles from the subject property. Additionally, Charlotte-Monroe Executive Airport (EQY), a general aviation airport is a designated primary reliever for the Charlotte-Douglas International airport and located less than five miles northwest of the subject property. The airport can support virtually any corporate aircraft with services that include aircraft fueling and ground equipment service. Monroe is a city in and the county seat of Union County. It is within the rapidly growing Charlotte-Gastonia-Rock Hill, NC-SC Metropolitan area. Monroe was founded as a planned settlement in 1843 and became a trading center for the agricultural areas of the Piedmont region, which cultivated tobacco. In the late 1960’s and early 1970’s Monroe hosted two minor league baseball teams – the Monroe Indians and Monroe Pirates. The Monroe Indians were a Minor League Baseball club that played in the Western Carolinas League during the 1969 season. They were a Class A affiliate of the Cleveland Indians, and were managed by former big leaguer Pinky May. The Monroe Pirates were a Minor League Baseball team as well and was considered the city’s second team in the Western Carolinas League, after the Monroe Indians left for Sumter, South Carolina in 1970.