10540 Monroe

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10540 Monroe

Matthews, NC 28105
Asking Price
$2.14M
Asset Type
Retail
Class
Class B

What's Special

10540 Monroe Road is situated in Matthews, North Carolina, positioned within a developed suburban corridor southeast of Charlotte. The property benefits from its location on a high-traffic thoroughfare, providing direct access to Highway 74 and the I-485 loop. The surrounding neighborhood is characterized by a mix of established residential communities, professional offices, and academic institutions. Nearby amenities include various grocery-anchored shopping centers, local dining establishments, and public parks, contributing to steady daytime and evening vehicular activity. This retail asset is suited for businesses seeking high visibility and consistent consumer exposure. Ideal use cases include boutique fitness studios, specialty clinics, professional service firms, or neighborhood-focused retail shops. The location’s demographics and proximity to commuter routes support a tenant profile ranging from national franchises to local entrepreneurs. The property’s configuration and accessibility make it a functional choice for tenants looking to serve the growing population of the Matthews and greater Charlotte metropolitan area.

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NOI
$80,000
Cap Rate
3.74%
DSCR
0.63
Underwater
Cash-on-Cash
-7.31%
Monthly Payment
$10,573.413
Annual Cash Flow
$-46,880.951

Location & Travel Times