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- LoopNet Team
767 Word Plz
Rocky Mount, NC 27804
Verizon Retail Center · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
ABOUT 767 WORD PLZ , ROCKY MOUNT, NC 27804
The Verizon Wireless retail center is located in Rocky Mount NC, and consists of 1.29 acres and a 10,800 square foot building. Verizon Wireless is the anchor tenant and takes 4,500 square feet. Verizon (Cellco Inc.) just extended the lease 5 years with a new annual rent of $148,500 and one 5 year option with a 10% increase. The property provides much upside through leasing of three vacant retail spaces. Lease is NN with landlord responsible for roof and structure. The property is located on N Wesleyan Blvd. (US Hwy 301 BYP), Rocky Mounts busiest retail corridors and is the first retail property off the intersection on Highway 64 & Hwy 301 BYP. The property is approximately 3.5 miles from I-95. The retail center was constructed in 2006. Verizon Wireless was under a 10 year initial lease term ending March 31, 2016, was in it's first three year option ending March 31, 2019 but just extended 5 years. Over 6 years remaining on term. Verizon's rent is a blended rent over the 6 year term.
PROPERTY TAXES
| Parcel Number | 3850-05-09-0058 | Improvements Assessment | $725,860 |
| Land Assessment | $899,070 | Total Assessment | $1,624,930 |
PROPERTY TAXES
