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Arby's 2101 W Roosevelt Blvd 3,256 SF Retail Building Monroe, NC 28110 $3,021,000 ($927.83/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute net lease | Zero landlord responsibilities | Desirable lease term | 17.5+ years remaining
- Great visibility & access from W Roosevelt Blvd | 50,500 VPD
- Located inside of dense retail corridor | 4.2M SF within a 2-mile radius
- Experienced operator | Brumit Restaurant Group | 65 locations
- Located adjacent to Monroe Crossing Mall | 279K SF of retail space
- Stable population growth within 5-miles | 18.95% from 2010-2025
EXECUTIVE SUMMARY
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale Arby's in Monroe, NC. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,256 SF
Building Class
B
Year Built
1986
Price
$3,021,000
Price Per SF
$927.83
Cap Rate
5.75%
NOI
$173,712
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.04 AC
Zoning
Commercial
Parking
38 Spaces (11.67 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-264-003-A | Improvements Assessment | $550,500 |
| Land Assessment | $934,200 | Total Assessment | $1,484,700 |
PROPERTY TAXES
Parcel Number
09-264-003-A
Land Assessment
$934,200
Improvements Assessment
$550,500
Total Assessment
$1,484,700
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Arby's | 2101 W Roosevelt Blvd
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