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7-Eleven / Speedway 1122 E Raleigh Blvd 1,917 SF Retail Building Rocky Mount, NC 27801 $2,200,000 ($1,147.63/SF) 5% Cap Rate
Executive Summary
Recently renewed, 15-year absolute net lease featuring 10% rental increases every 5 years throughout the base term and options. The tenant is a wholly owned subsidiary of 7-Eleven, Inc. – ranked #162 on the Fortune Global 500 list and features an investment-grade credit rating of “A” from the S&P.
The subject property is strategically positioned along E Raleigh Boulevard, a prominent commercial corridor in Rocky Mount with strong connectivity to the surrounding retail and residential trade area. The location benefits from excellent accessibility and visibility, providing an attractive setting for retail and service-oriented tenants while benefiting from the corridor’s established commercial presence.
The subject property is strategically positioned along E Raleigh Boulevard, a prominent commercial corridor in Rocky Mount with strong connectivity to the surrounding retail and residential trade area. The location benefits from excellent accessibility and visibility, providing an attractive setting for retail and service-oriented tenants while benefiting from the corridor’s established commercial presence.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,917 SF
Year Built/Renovated
2004/2022
Price
$2,200,000
Price Per SF
$1,147.63
Cap Rate
5%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
B2
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3860-20-0944-00 | Improvements Assessment | $438,655 |
| Land Assessment | $216,000 | Total Assessment | $654,655 |
Property Taxes
Parcel Number
3860-20-0944-00
Land Assessment
$216,000
Improvements Assessment
$438,655
Total Assessment
$654,655
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