766 W Raleigh Blvd - Storefront Retail/Office FOR SALE


Rocky Mount, NC 27803
$7,000,000 USD
570-574-1353
766 W Raleigh Blvd, Rocky Mount, NC for Sale
$7,000,000 USD
Storefront Retail/Office - FOR SALE
1/22
null | 4.28% Cap Rate

766 W Raleigh Blvd
Rocky Mount, NC 27803


HIGHLIGHTS

  • 766 Raleigh Boulevard offers the opportunity to own a single-story, 14,820-square-foot retail building occupied by sublessee Dollar Tree.
  • Absolute NNN lease to Walgreens with 10 + years remaining on the initial lease term.
  • Situated at the signalized intersection of W Haven Boulevard and the heavily trafficked W Raleigh Boulevard in Rocky Mount. ADT 11,500.
  • Conveniently located in the Greater Raleigh area with easy access to Route 301, Interstate 95, and Highway 64.

OVERVIEW

With confidentiality agreement, documents in the data room are there for viewing. 766 W. Raleigh Boulevard offers the opportunity to own a well-positioned retail property occupied by a national tenant located along a central area thoroughfare in the Greater Raleigh market. This single-story, 14,820-square-foot building sits at the signalized corner of W Haven Boulevard and the heavily trafficked W Raleigh Road. ADT for W. Raleigh Blvd at that intersection is 11,500. The property is currently leased to Walgreens, subleased and occupied by Dollar Tree. Investors will benefit from the absolute NNN lease to Walgreens with 10 + years left on the initial lease term. 766 W Raleigh Boulevard provides quick access in and around Rocky Mount with Route 301 just minutes away. The property's positioning along the main retail corridor of Raleigh Road grants it superior connectivity and visibility to enhance its efficacy for a wide range of uses. A suburb in northeast North Carolina, Rocky Mount is a bustling town with a major CSX rail hub and other national employers such as Pfizer and Honeywell. Easy access to Interstate 95 and US Highway 64 connects this city to other major areas in the state, like Raleigh, Wilson, and Greenville. Rocky Mount is home to various neighborhood parks, community centers and gardens, casual dining options, supermarkets, golf courses, and big-box stores. 766 W Raleigh Boulevard is an ideal investment for the long-term investor.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$472 USD /SF

CAP RATE

4.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar Tree Rocky Mount NC Sublease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food, Freestanding, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

2.05 AC

LAND SF

89,298 SF

ZONING

B-2

APN/PARCEL ID

3759-09-26-0648

ASK ABOUT THIS PROPERTY

Jahan TabatabaieFamily Investments RealtyMore Info
570-574-1353

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Jahan TabatabaieFamily Investments RealtyMore Info
570-574-1353

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