850-1020 S Monroe St
Monroe, MI 48161
Monroe Shopping Center | Kroger (S&P BBB) · Retail Property For Sale

The Jonna Group of Marcus & Millichap has been selected to exclusively represent the sale of the Monroe Shopping Center, a Kroger grocery-anchored, 120,947-square foot retail center located in Monroe, Michigan. This strong-performing Kroger (S&P BBB) recently signed a brand new 15-year NNN lease, showing strong conviction for the site and represents 52.7 percent of the center’s Gross Leasable Area. The subject site is over 86 percent occupied and is situated on nearly 13 acres. Notable tenants include Dollar Tree (S&P BBB-), Fresenius (S&P BBB), H&R Block, Metro PCS, Great Clips and more. Ideally, nearly 70 percent of the center consists of investment-grade tenants and all tenants that encompass the center operate on NNN leases. Monroe Shopping Center is strategically situated with high visibility and exposure on the southwest quadrant of South Monroe Street and South Dixie Highway which sees over 32,000 combined vehicles per day. The subject site sits less than two miles from I-75, a main highway artery that runs from Cincinnati to Toledo. The stellar location benefits from being well-positioned in a dense residential corridor and surrounded by many other notable retailers in the immediate vicinity that include: CVS Pharmacy, Walgreens, McDonald’s, Wendy’s, Tim Horton’s, Jimmy Johns, Firestone, Subway, PNC Bank, KFC, U-Haul, AutoZone, O’Reilly Auto Parts, Dollar General and many more. The subject site has over 50,000 people in a five-mile radius and an average household income of over $69,000 in five miles. Monroe is located on the western shore of Lake Erie and is the county seat and largest city of Monroe County. Monroe is located approximately 14 miles north of Toledo, Ohio and 25 miles south of Detroit. The Unites States Census Bureau lists Monroe as the core city in the Monroe Metropolitan Area. Monroe is Michigan’s third oldest community and was founded in 1785.