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Monroe Crossing Shopping Center 2 Retail Properties Offered at $6,900,000 in Monroe, GA
INVESTMENT HIGHLIGHTS
- Located directly across the street from 77 bed Piedmont Hospital
- Located along main retail thoroughfare through Monroe.
- Traffic Counts: 17,000+ cars travel daily past the property on West Spring Street, and 17,000+ on Ernest M.L.K. Jr. Boulevard and 20,000+ cars hwy 78
- Fully leased - historically strong performing retail center in high growth submarket
- Traffic Counts: 17,000+ cars travel daily past the property on West Spring Street and 17,000+ on Ernest M.L.K. Jr. Boulevard
- Property and submarket benefit from student traffic between Atlanta and Athens travelling to University of Georgia
EXECUTIVE SUMMARY
Properties Brokerage is pleased to exclusively offer for sale Monroe Crossing, a 33,000 SF shopping center investment opportunity located at 2120 W Spring St in Monroe, GA. This opportunity includes two Walmart and Home Depot shadow anchored multi-tenant strip centers occupied by nationally recognized operators including Dollar Tree, Aaron’s Rents, City Gear and Benchmark Physical Therapy, as well as other strong local operators. The property sits directly off of a busy Hwy 78 exit, with frontage on the main retail node through Monroe, Georgia. Please reach out to Harrison Properties Brokerage to learn more about this dynamic multi-tenant retail investment opportunity. The seller is encouraging all offers at this time.
-Rare Walmart/Home Depot shadow anchored strip centers leased well below market rates - Providing a new investor strong national operators with immediate value-add opportunity through the in-line tenant mix.
-Fully leased - historically strong performing retail center in high growth submarket.
-Close proximity to national retailers: Home Depot, Walmart, Tractor Supply, Chick-Fil-A, Moe’s, IHOP, McDonalds, Dunkin, Starbuck, Arby’s, Burger King, Zaxby’s, Longhorn Steakhouse, Applebee’s Grill and many others.
-Rare Walmart/Home Depot shadow anchored strip centers leased well below market rates - Providing a new investor strong national operators with immediate value-add opportunity through the in-line tenant mix.
-Fully leased - historically strong performing retail center in high growth submarket.
-Close proximity to national retailers: Home Depot, Walmart, Tractor Supply, Chick-Fil-A, Moe’s, IHOP, McDonalds, Dunkin, Starbuck, Arby’s, Burger King, Zaxby’s, Longhorn Steakhouse, Applebee’s Grill and many others.
PROPERTY FACTS
| Price | $6,900,000 | Number of Properties | 2 |
| Price / SF | $195.88 / SF | Individually For Sale | 0 |
| Cap Rate | 6.65% | Total Building Size | 35,225 SF |
| Sale Type | Investment | Total Land Area | 8.66 AC |
| Status | Active |
| Price | $6,900,000 |
| Price / SF | $195.88 / SF |
| Cap Rate | 6.65% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 35,225 SF |
| Total Land Area | 8.66 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Building 1
2120 W Spring St, Monroe, GA 30655 |
Retail | 21,810 SF | 2005 | - |
|
Building 2
2120 W Spring St, Monroe, GA 30655 |
Retail | 13,415 SF | 2006 | - |
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Monroe Crossing Shopping Center
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