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Dollar Tree Rocky Mount NC Sublease 766 W Raleigh Blvd 14,820 SF Retail Building Rocky Mount, NC 27803 $6,110,000 ($412.28/SF) 4.90% Cap Rate
Investment Highlights
- 766 Raleigh Boulevard offers the opportunity to own a single-story, 14,820-square-foot retail building occupied by sublessee Dollar Tree.
- Situated at the signalized intersection of W Haven Boulevard and the heavily trafficked W Raleigh Boulevard in Rocky Mount. ADT 11,500.
- Absolute NNN lease to Walgreens with 10 + years remaining on the initial lease term.
- Conveniently located in the Greater Raleigh area with easy access to Route 301, Interstate 95, and Highway 64.
Executive Summary
Walgreens is shrinking but still strong and reliable!
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 just under 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.
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 just under 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.
Data Room Click Here to Access
- Third Party Reports
- Title and Insurance
- Miscellaneous
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,820 SF
Building Class
B
Year Built
2010
Price
$6,110,000
Price Per SF
$412.28
Cap Rate
4.90%
NOI
$299,600
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.05 AC
Zoning
B-2 - to designate appropriate areas for high- intensity commercial uses intended to serve retail sales and service, business and professional service needs
Parking
75 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
- -
Walgreens is a U.S.-based retail pharmacy operator providing prescription drugs, health services, and consumer goods through neighborhood drugstores and digital platforms. The company was founded in 1901 by Charles Rudolph Walgreen in Chicago, Illinois. Over time, Walgreens expanded nationwide and became one of the largest pharmacy chains in the United States. In 2014, Walgreens became part of the newly formed holding company Walgreens Boots Alliance following the acquisition of Alliance Boots.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 99,999 SF | - | Lorem Ipsum | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 3759-09-26-0648 | Improvements Assessment | $1,853,730 |
| Land Assessment | $214,320 | Total Assessment | $2,068,050 |
Property Taxes
Parcel Number
3759-09-26-0648
Land Assessment
$214,320
Improvements Assessment
$1,853,730
Total Assessment
$2,068,050
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Dollar Tree Rocky Mount NC Sublease | 766 W Raleigh Blvd
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