Verizon, Monroe, NC
3003 Monroe Way
Monroe, NC 28110
Property: Investment Sales
Square Footage: 4,500
Cap Rate: Call
- 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.
Tyson Glasser, CCIM
Director of Capital Markets & Dispositions
(864) 263-5427 - Main
(404) 435-6312 - Mobile