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32726175
32726171

2101 West Roosevelt Boulevard, Monroe, NC 28110 For Sale

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte
$3,021,000
65 days on market
Updated 9 days ago

Arby's

Details
APN 09264003A
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 3,256
Units 1
Cap Rate 5.75%
NOI $173,712
Occupancy 100%
Tenancy Single
Brand/Tenant Arby's
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/31/2043
Remaining Term 17.5
Rent Bumps Yes
Lease Options Four, 5-year
Price per SqFt $928
Broker Co-Op True
Year Built 1986
Stories 1
Acreage 1.040
Zoning Commercial
Parking Spaces 38 spaces
Parking per 1,000 SqFt 11.67
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 09/01/2023
Ground Lease No

Absolute Net Lease | Experienced Operator | Affluent Surrounding Area

Investment highlights

• Absolute net lease | Zero landlord responsibilities

• Desirable lease term | 17.5+ years remaining

• Experienced operator | Brumit Restaurant Group | 65 locations

• Great visibility & access from W Roosevelt Blvd | 50,500 VPD

• Located adjacent to Monroe Crossing Mall | 279K SF of retail space

• Located inside of dense retail corridor | 4.2M SF within a 2-mile radius

• Stable population growth within 5-miles | 18.95% from 2010-2025

• Directly across from Blue Sky Meadows by Century Communities | 360 planned single-family homes

• Large industrial presence nearby | 2.1M SF of space within a 2-mile radius

• Affluent surrounding area | $94,756 average household income within a 5-mile radius

• 5 minutes from Atrium Health Union | 182 beds

• 15 minutes from Wingate University | 3,500 students

• 3 miles from Monroe High School | 1,100 students

• 10 minutes from Charlotte-Monroe Executive Airport | 196 flights per day

• Nearby Tractor Supply ranks 5th nationwide out of 2,273 stores via

Placer.ai

• Across from one of the nation’s strongest Lowe’s stores | Ranks in the 98th percentile via Placer.ai

• Nearby destination retailers | Walmart Supercenter, Target, Food Lion, ALDI, Lowe’s, Harbor Freight, Belk, Tractor Supply Co., LongHorn Steakhouse, Olive Garden, Chili’s, Buffalo Wild Wings, Chick-fil-A,

Starbucks, Chipotle, McDonald’s, Bojangles, Sonic, Wendy’s, Taco Bell, Zaxby’s, Five Guys, Burger King, AutoZone, Take 5 Oil Change, and more

• 30 minutes to Charlotte CBD

Listing Contacts

RF
NC 280948
Berkeley Capital Advisors Charlotte
CB
NC 287166
Berkeley Capital Advisors Charlotte
Listed by Berkeley Capital Advisors Charlotte

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$173,712.00
$14,476.00/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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