Verizon, Monroe, NC

3003 Monroe Way
Monroe, NC 28110

PROPERTY SOLD

Property: Investment Sales

Square Footage: 4,500

Price: $2,585,000

Cap Rate: Call

Description:

  • 4,500 square foot Verizon Wireless store developed by RealtyLink in the summer of 2010 on approximately 2.0 acres on U.S. Highway 74, about 20 miles southeast of downtown Charlotte.
  • The retail store is positioned at the entrance to a medical/office park and across from a Target anchored center.
  • Verizon is on a 10 year lease that commenced 9/6/10 with a 10% rent bump after 5 years.
  • The all cash transaction closed escrow on September 23rd for $2,585,000 and the buyer was an institutional real estate company headquartered in Texas.

Verizon, Monroe, NC

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Contact

Tyson Glasser, CCIM
Investment Sales Director
(864) 263-5427 - Main
(404) 435-6312 - Mobile
tglasser@realtylinkdev.com