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3003 Monroe Way
Monroe, NC 28110
 Verizon Wireless · Retail Property For Sale

Retail Buildings North Carolina Monroe 3003 Monroe Way, Monroe, NC 28110

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INVESTMENT HIGHLIGHTS

  • Verizon is situated at the signalized corner of US-74 and Wellness Blvd., providing exposure to 38,000 VPD at the intersection.
  • Poplin Place Shopping Center is across the street and features Target as the anchor. Other national tenants include T.J. Maxx, Ross, Burlington.
  • Verizon maintains the property and reimburses the landlord for all taxes, CAM, and insurance creating a passive investment opportunity.

EXECUTIVE SUMMARY

Corporate Signature: Verizon Communications Inc. (NYSE: VZ) holds an investment grade credit rating of of BBB+ (S&P) and is a Fortune 50, providing a strong financial lease backing.
Early Lease Extension: Verizon has occupied the site since 2010 and signed a 10 year extension in 2020, showing their commitment to the site and local customer base. The tenant has two, 5-year options remaining with 10% rent increases in each option.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,500 SF
Building Class
C
Year Built
2010
Price
$3,801,816 CAD
Price Per SF
$844.85 CAD
Cap Rate
6.85%
NOI
$260,424 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.00 AC
Zoning
AC1
Parking
56 Spaces (12.44 Spaces per 1,000 SF Leased)
Frontage
76’ on Monroe Way

AMENITIES

  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

PROPERTY TAXES

Parcel Number 09-298-355 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $4,631,983 CAD

PROPERTY TAXES

Parcel Number
09-298-355
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,631,983 CAD
 

  • Listing ID: 38235773

  • Date on Market: 2025-10-28

  • Last Updated:

  • Address: 3003 Monroe Way, Monroe, NC 28110

The Retail Property at 3003 Monroe Way, Monroe, NC 28110 is currently available for Sale. Contact Stream Capital Partners for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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3003 Monroe Way, Monroe, NC for sale Building Photo- Image 1 of 7
Verizon Monroe _ website
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Verizon Monroe _ website2
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Verizon Monroe _ website5
3003 Monroe Way, Monroe, NC for sale Building Photo- Image 6 of 7
Verizon Monroe _ website6

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