www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
26439817
26439818

2 Locations

TG
NC 327779
Marcus & Millichap - Charlotte Uptown
Listed by Marcus & Millichap - Charlotte Uptown
$1,500,000
295 days on market
Updated 41 days ago
Opportunity zone

701 E Roosevelt Blvd

Details
Property Type Office
Sub Type Medical Office
Square Footage 6,524
Net Rentable (SqFt) 6,524
Units 3
Cap Rate 7.00%
NOI $104,584
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 8.46%
Pro-Forma NOI $126,944
Price per SqFt $230
Year Built 1989
Year Renovated 2024
Zoning Commercial

Office | 7.00% CAP | 6,524 SqFt- Pro-Forma Cap Rate : 8.46%

Marketing description

Great investment opportunity for a fully leased, value-add, medical office in Monroe, NC. Two brand new, 5-year leases with 3% yearly increases with multiple extension options, one of which is a corporate guarantee. The third lease provides a big value-add opportunity with the ability to raise rent to market rent and increase cash flow in twelve months. This would also be a great opportunity for an owner user looking for a new location for their medical or business practice.

The property is strategically located in an existing medical park directly across Hwy 74 from Atrium Hospital. The property is also located in an Opportunity zone providing tax incentives for qualified investors. The building has been recently upfitted and renovated in 2024. Three suites with 6,524 SF total.

Between the strategic location in a successful medical park, the strong value-add opportunity and tax incentives of the opportunity zone, this is an ideal opportunity for an investor or owner-user.

Investment highlights

-Two long-term leases with 3% yearly increases and a corporate guarantee.

-Value-Add opportunity for one lease to increase cashflow in twelve months.

-Year 2 Pro-Forma Cap Rate 8.46%

-Located in “Opportunity Zone”, which provides tax incentives for qualified investors.

-Strategically located in a popular medical park, across Hwy 74 from Atrium Hospital

-Recently renovated and upfitted in 2024

Listing Contacts

TG
NC 327779
Marcus & Millichap - Charlotte Uptown
Listed by Marcus & Millichap - Charlotte Uptown

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$104,584.00
$8,715.33/mo

Valuation Metrics

0
DSCR
6.97%
Cap Rate
6.97%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591