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Shopping Strip

Old Monroe Retail Center

6601 Old Monroe Rd, Indian Trail, NC 28079

Listing Price: $4,950,000

Cap Rate
6.00%
Gross SF
10,866
Rentable SF
10,866
Price/Gross SF
$455.55
Lot Size
1.34 acres
Year Built
2014

Investment Overview

Marcus & Millichap is pleased to present for sale a 10,866 square foot retail strip center located in Indian Trail, North Carolina. The subject property was constructed in 2014 and is situated on 1.34 acres. The property is fully occupied with four local and national tenants including State Farm, Infinity Dental Arts, Sun Valley Salon Suites, and Miss Donna’s Dance Studio. The subject property is located within Sun Valley Commons, a 250,000 square foot, master-planned, mixed-use development in the heart of Indian Trail, North Carolina. The property has direct access to Old Monroe Road (19,500+ Vehicles Per Day) and is situated between Starbucks and McDonald’s as well as two (2) signalized intersections. Directly across the intersection is Sun Valley High School with 1,480+ Students. The subject property is surrounded by major retailers including Starbucks, Papa John’s, AT&T, McDonalds, and CVS. Across from Old Monroe Road sits a Harris Teeter anchored shopping center, Bojangles, MOD Pizza, Wells Fargo, Extra Space Storage, and a new Express Oil Change. Just past the signalized intersection of Old Monroe Road and Wesley Chapel Road (41,500 Vehicles Per Day) sits Sun Valley High School, a new construction Publix, Jet’s Pizza, Culver’s, and East Coast Wings. Additional major points of interest within close proximity to the property include Sun Valley Middle School, Shiloh Valley Elementary School, Lowe’s Home Improvement, Hickory Tavern, Aldi, Food Lion, and a Harris Teeter Distribution Center.

Investment Highlights

  • 4-Tenant Retail Center | Charlotte, NC Suburb | 100-Percent Leased
  • 2014 Construction | 1.34 Acres | 70+ Parking Spaces
  • Good Visibility + Stoplight Access | In-Between Starbucks & McDonald's
  • Service-Based Tenant Mix: State Farm Insurance, Salon Suites, Dance Studio, Infinity Dental Arts
  • Direct Ingress/Egress on Old Monroe Road | 19,500+ Vehicles Per Day
  • Across the Street from Publix (New), Harris-Teeter, and (Sun Valley High School)
  • Positioned within Sun Valley Commons: 250,000 Square Foot, Mixed-Use, Master-Planned Development
  • Nearby Retailers: Starbucks, CVS Pharmacy, Publix, Harris-Teeter, McDonald's, Dunkin', and More

Exclusively Listed By

Shopping Strip

Old Monroe Retail Center

Listing Price: $4,950,000

Cap Rate
6.00%
Gross SF
10,866
Rentable SF
10,866
Price/Gross SF
$455.55
Lot Size
1.34 acres
Year Built
2014

Investment Highlights

  • 4-Tenant Retail Center | Charlotte, NC Suburb | 100-Percent Leased
  • 2014 Construction | 1.34 Acres | 70+ Parking Spaces
  • Good Visibility + Stoplight Access | In-Between Starbucks & McDonald's
  • Service-Based Tenant Mix: State Farm Insurance, Salon Suites, Dance Studio, Infinity Dental Arts
  • Direct Ingress/Egress on Old Monroe Road | 19,500+ Vehicles Per Day
  • Across the Street from Publix (New), Harris-Teeter, and (Sun Valley High School)
  • Positioned within Sun Valley Commons: 250,000 Square Foot, Mixed-Use, Master-Planned Development
  • Nearby Retailers: Starbucks, CVS Pharmacy, Publix, Harris-Teeter, McDonald's, Dunkin', and More

Investment Overview

Marcus & Millichap is pleased to present for sale a 10,866 square foot retail strip center located in Indian Trail, North Carolina. The subject property was constructed in 2014 and is situated on 1.34 acres. The property is fully occupied with four local and national tenants including State Farm, Infinity Dental Arts, Sun Valley Salon Suites, and Miss Donna’s Dance Studio. The subject property is located within Sun Valley Commons, a 250,000 square foot, master-planned, mixed-use development in the heart of Indian Trail, North Carolina. The property has direct access to Old Monroe Road (19,500+ Vehicles Per Day) and is situated between Starbucks and McDonald’s as well as two (2) signalized intersections. Directly across the intersection is Sun Valley High School with 1,480+ Students. The subject property is surrounded by major retailers including Starbucks, Papa John’s, AT&T, McDonalds, and CVS. Across from Old Monroe Road sits a Harris Teeter anchored shopping center, Bojangles, MOD Pizza, Wells Fargo, Extra Space Storage, and a new Express Oil Change. Just past the signalized intersection of Old Monroe Road and Wesley Chapel Road (41,500 Vehicles Per Day) sits Sun Valley High School, a new construction Publix, Jet’s Pizza, Culver’s, and East Coast Wings. Additional major points of interest within close proximity to the property include Sun Valley Middle School, Shiloh Valley Elementary School, Lowe’s Home Improvement, Hickory Tavern, Aldi, Food Lion, and a Harris Teeter Distribution Center.

Exclusively Listed By

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