701 E Roosevelt Blvd — Sale in Monroe, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Monroe, NC 28112
  • Year built: 1989

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

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. • 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

Market Context

This office in Monroe, NC is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1989. It has been on the market for 100 days. Compare it against other office listings for sale in Monroe, NC — view the full market.

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