240-438-4977
1900-1974 Stone Rose Dr, Rocky Mount, NC for Sale
Retail - FOR SALE
1/29
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1900-1974 Stone Rose Dr
Rocky Mount, NC 27804


HIGHLIGHTS

  • Established 171,460-square-foot retail center in Rocky Mount, with prime visibility at two signalized intersections in a thriving commercial district.
  • Immense value-add opportunity with 52% leased, potential for anchor tenants, and 8,000-10,000-square-foot inline expansion space on the 25-acre lot.
  • Features a new TPO single-ply roof, expansive parking lot, pylon and building signage, five ingress/egress points, and loading docks for select units.
  • Demand drivers such as the NC License Tag Agency and Amano’s Pizza contribute to the strong business synergy at the retail center.
  • Located off Bypass 301 near Highway 64 and Interstate 95, midway between NYC and Miami, ideal for local and commuter traffic.
  • Within a mile from Sam’s Club, Starbucks, Walmart, and more, serving a growing population of 90,000 and $1 billion in annual consumer spending.

OVERVIEW

Crossroads Plaza is a 171,460-square-foot shopping center situated in the thriving commercial hub of Nash County. Located at 1900-1974 Stone Rose Drive, this established neighborhood center presents an incredible value-add opportunity, with occupancy at 52%. The property features 845 parking spaces, loading docks for select units, and pylon/building signage. The neighborhood shopping center received a new TPO single-ply roof within the last five years, ensuring low maintenance for years to come. It also includes two retail units on a .35-acre lot directly across the street from the main plaza, offering additional leasing opportunities. Situated on two signalized intersections along Sunset Avenue, the center boasts unrivaled visibility and accessibility with five ingress/egress points. Crossroads Plaza offers immense potential for anchor tenants, adding to the strong business synergy among existing retail tenants and surrounding national retailers. Strategically located just off Bypass 301, Crossroads Plaza provides seamless connectivity to Highway 64 and U.S. Interstate 95, making it easily accessible for local consumers and travelers alike. Positioned halfway between New York and Miami, the retail center captures the attention of commuters traveling along major East Coast corridors, further enhancing its visibility and retail potential. Within 1 mile, the plaza benefits from a vibrant commercial district that includes national retailers such as Sam’s Club, Dollar Tree, Starbucks, Walgreens, and Walmart Supercenter. The area is home to a growing population of over 90,000 residents within a 10-mile radius, supported by $1 billion in annual consumer spending. Additionally, Rocky Mount attracts a daily workforce of 47,000, increasing the demand for retail and commercial space. Rocky Mount is a dynamic market with a rich history, economic growth, and cultural attractions. The town benefits from the recent opening of the CSX Carolina Connector intermodal transportation facility, positioning the region as a major hub for rail and highway transport along the East Coast. With a low retail vacancy rate of 4.6% and steady rent growth of 3.2% year-over-year, the Rocky Mount retail submarket offers strong investment potential. Paired with its vibrant arts scene, historic architecture, and institutions like North Carolina Wesleyan College, Rocky Mount provides an exceptional quality of life for residents and visitors. Crossroads Plaza offers investors and owner/users a prime opportunity to capitalize on this growing and dynamic market.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Crossroads Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

845

LAND DETAILS

LAND ACRES

25 AC

LAND SF

1,089,000 SF

ZONING

B2

APN/PARCEL ID

3840-12-95-0368,3840-16-84-7576,3840-16-94-2950

ASK ABOUT THIS PROPERTY

Michael GreeneGreene AssociatesMore Info
240-438-4977

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Michael GreeneGreene AssociatesMore Info
240-438-4977

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.