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.