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809 & 819 Tiffany Blvd - Eye Care & Monarch 809 Tiffany Blvd 10,738 SF 100% Leased Retail Building Rocky Mount, NC 27804 $2,750,000 ($256.10/SF) 7.05% Cap Rate
Investment Highlights
- Immediate Cash Flow: Stabilized asset delivering a strong 7.0% cap rate with $194,012 NOI in place
- Prime Core Location: Positioned in the economic heart of Rocky Mount, ensuring long-term tenant demand
- Defensive Investment: Essential-service tenants provide durability through market cycles
- National-Credit Tenancy: Anchored by Monarch and Eye Care, both secured with fresh 5-year lease renewals
- Built-In Upside: 900 SF cold dark shell offers clear path for value-add and income growth
Executive Summary
Located in the economic core of Rocky Mount, this stabilized, high-performing retail asset is backed by national-credit tenants Monarch and Eye Care, both secured with fresh 5-year lease renewals. Offered at a compelling 7.0% cap rate with an NOI of $194,012, this $2.75M investment delivers immediate, reliable cash flow and strong in-place performance from day one.
The upside is undeniable, featuring a 900 SF cold dark shell positioned for value-add and income expansion. Opportunities combining stability, yield, and built-in growth are increasingly scarce, this is a decisive acquisition for investors seeking both security and aggressive return potential in a proven market.
The upside is undeniable, featuring a 900 SF cold dark shell positioned for value-add and income expansion. Opportunities combining stability, yield, and built-in growth are increasingly scarce, this is a decisive acquisition for investors seeking both security and aggressive return potential in a proven market.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
10,738 SF
Year Built
2001
Price
$2,750,000
Price Per SF
$256.10
Cap Rate
7.05%
NOI
$194,012
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
1.58 AC
Zoning
X
Nearby Major Retailers
1 of 7
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809 & 819 Tiffany Blvd - Eye Care & Monarch | 809 Tiffany Blvd
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