Sunset Plaza

Strong Performing Anchor:

• ​

  Food Lion completed a 10-year renewal in 2024, extending its lease through 12/31/2034. With 2024 sales of $16.9M ($547 PSF) and a Rent/Sales ratio of just 1.37%. 

Monster Mini Golf – Long-Term Commitment:

• ​

  Monster Mini Golf opened in 2024, investing over $1,000,000 in their build-out. Their lease runs through 2035

Value-Add Opportunity:

• ​

  Outparcel Upside - A 0.645-acre outparcel is included in the offering, presenting additional development or resale upside.

• ​

  Family Dollar, the center’s last remaining gross lease, is paying a well below-market rent of $5.01 PSF on 8,775 SF. The lease expires 6/30/2029, with no renewal options, offering an excellent opportunity to convert the space to a market-rate NNN lease and meaningfully grow NOI.

Recent Capital Improvements:

• ​

  Sunset Plaza has undergone extensive renovations, including a new façade, roof (2022), area lighting, parking lot, and pylon signage.

Strong Local Demographics:

• ​

  Within a 3-mile radius, population is expected to grow by 9.85% through 2029, with an average household income of $81,599. Monroe’s location within the Charlotte MSA and its economic diversity—anchored by Union County Public Schools, Atrium Health, Greiner Bio-One, and Goulston Technologies—support long-term tenant demand.