Monroe, NC Retail Property For Sale

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Retail for Sale

Monroe, NC 28110

eXp Realty is pleased to present:

2451 W roosevelt Blvd Monroe NC 28110.

An Amazing investment opportunity. The site consist of Gas Station and C-Store (real estate & goodwill), Laundromat and an extra 1396 Sqf off retail space. It is located at a hard-signalized corner, easy ingress and egress, on one of Monroe’s most well-known thoroughfares HWY 74. Surrounded by residential properties which makes this C-Store and Laundromat do very well. To the East is CVS Pharmacy, Holiday Inn Express and Fairfield Inn and suites by Marriott and the west is the Walmart Super-center & Shopping Center which consists of 85,000 SF of retail space. The subject property is highly visible from W Roosevelt Blvd ( Hwy 74) which features more than 48,700 vehicles per day. Monroe is 23 Miles Southeast of Charlotte and is an extremely high growth market. The town of Monroe with a population of 36,000 has big plans and budget designed to provide special benefits to property owners, namely increased sales, attraction of new tenants, increased occupancies and specifically increased property values.

C-Store and 2nd building Sqf 6000 Sqf

Year Built 1990

Sales Price 1,950,000 + inv

Branding Citgo

Fuel Contract Expires Apr 2023

Fuel Margin average 0.35 Cents

Gas Average / year Gallons 265,000

Gas sales / year $580,000

Inside sales / year $420,000.00

Merchandise Gross Profit 40-45%

ATM Profit / year $1200

Lotto Profit / Year $25,000

Laundromat (Cash Cow)/ year $252,000

Ancillary rental income / year $48,000

Boost Mobil was there for 8 years. Now, not making enough money closed few locations Dec 2020 and this is one of them and immediately in Jan 2021, a new tenant signed 3 year lease full service for $4000/ month with a 3% increase yearly

Retail for Sale

Monroe, NC 28110

■ Great value add or redevelopment site!

■ Stand-alone 2,232 sf retail building on 0.8 acres.

■ Former restaurant with drive through. Also served

as office/sales /retail use.

■ Traffic count of 54,500 vpd in front of site.

■ 107’ frontage on Roosevelt (US 74) with two

curb cuts!

■ Zoned GB - City of Monroe, NC.

■ Asking Price: $499,000

Retail for Sale

Monroe, NC 28110

Land for Sale

Monroe, NC 28110

Retail for Sale

Monroe, NC 28110

Retail for Sale

Monroe, NC 28110

This is an automotive repair and service for sale.

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