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1214-1254 N Wesleyan Blvd
Rocky Mount, NC 27804
100% Occupied | Ollie's Anchored $5M Sales · Retail Property For Sale
Investment Highlights
- NOI: $410,308.01 with recent Ollie's extension until 2031
- Ollie's Bargain Outlet with $5 million in annual store sales and a 3% rent-to-sales ratio PLUS a recent extension to 2031
- Populated affluent market in the growth research triangle of Raleigh/Durham/Chapel Hill with an average income of ±$68,000 & population of ±237,000
- 100% occupied anchored by Ollie's Bargain Outlet
- Dense retail corridor with ±54,000 vehicles per day providing excellent visibility
- Value-add opportunity with a landlord termination right of Magasin Cabinets allowing lease-up at market rates leading to an NOI increase of ±$70,416
Property Facts
Property Type
Retail
Property Subtype
Building Size
82,020 SF
Building Class
B
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
7.87 AC
Zoning
Downtown Business - Downtown Business
Parking
310 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
221’ on North Wesleyan Boulevard
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 3851-18-42-4374 | Improvements Assessment | $1,570,810 |
| Land Assessment | $1,023,100 | Total Assessment | $2,593,910 |
Property Taxes
Parcel Number
3851-18-42-4374
Land Assessment
$1,023,100
Improvements Assessment
$1,570,810
Total Assessment
$2,593,910
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