Telegraph Shops

Monroe, Michigan is an established regional city in southeastern Michigan along the western shore of Lake Erie, approximately 30 minutes south of Detroit and 40 minutes north of Downtown Toledo, with direct access to Interstate 75 connecting major Midwest logistics markets. Serving as the commercial and employment hub for Monroe County, the city draws retail traffic from surrounding suburban and rural communities while maintaining a stable residential base. Retail demand is supported by a diversified economy anchored by manufacturing, automotive supply chain, logistics, healthcare, and public-sector employment, reinforced by regional employers along the I-75 corridor. Ongoing logistics, manufacturing, healthcare, and infrastructure investment across the Detroit Toledo corridor, combined with stable residential development in Monroe and Frenchtown Township and limited new retail construction, have contributed to sub-4% vacancy, stable occupancy, and balanced supply-demand dynamics. These fundamentals position Monroe as a stable, low-volatility retail submarket characterized by consistent household incomes, durable tenant demand for essential and service-oriented uses, embedded rent growth potential, and long-term NOI stability driven by disciplined supply rather than speculative expansion.