960 Tarrytown Ctr
Rocky Mount, NC 27804
Panera Bread · Retail Property For Sale

The subject investment property is situated at the corner of North Wesleyan Boulevard and Sunset Avenue on Tarrytown Center, which experiences an average daily traffic counts exceeding 29,770 and 21,440 vehicles, respectively. There are more than 60,120 individuals residing within a five-mile radius of the property and more than 89,630 individuals within a 10-mile radius. This café benefits from being well-positioned as an outparcel to a Sam’s Club in a highly dense retail corridor consisting of national and local tenants, shopping centers, and hospitality accommodations all within close proximity of this property. Major national tenants in the immediate area include: Walmart Supercenter, Lowe’s, Aldi, Target, CVS Pharmacy, Walgreens, Chick-fil-A, McDonald’s, Burger King, Wendy’s, as well as many others. Accommodations in the immediate area include: Hampton Inn, Candlewood Suites, Country Inn & Suites, DoubleTree by Hilton, Days Inn & Suites, Comfort Inn, Holiday Inn, and Courtyard by Marriott. Golden East Crossing Shopping Mall is less than two miles from this Panera Bread and is home to more than 58 retail stores. Its anchor tenants include: JCPenney, Dunham’s Sports, Ross Dress for Less, Books-A-Million, Conn’s and Belk. Additionally, the subject property is less than three miles from the largest employer in the area, Nash General Hospital. This is a flagship acute care facility with 280 beds and more than 1,650 employees. Rocky Mount is the principal city of the Rocky Mount metropolitan area, which includes Edgecombe and Nash counties. It is a part of the Atlantic coastal plain in North Carolina as well as the Raleigh-Durham-Chapel Hill CSA, also known as The Triangle. The economy of the Rocky Mount metropolitan area has been undergoing a process of transformation in the past few decades. While historically strong in textiles and agriculture, the economy has diversified into biomedical pharmaceuticals and high-tech manufacturing. Being at the juncture of a number of important highways and railways, distribution and logistics also play a key role in local business. In addition, the area features a strong service sector and is home to several financial and customer support centers. In 2019, CSX Transportation broke ground on an approximately $200 million cargo terminal in Rocky Mount. While somewhat scaled back from original plans, the facility is expected to have an indirect impact of over a thousand jobs in the area and has potential room for expansion. Additionally, Chinese tiremaker Triangle Tire Co. will be building two manufacturing facilities at a 1,449-acre site in Edgecombe County, between Rocky Mount and Tarboro. Phase 1 of the project is set to open in 2020 and phase 2 in 2022. At $580 million, it will be the largest ever manufacturing investment in rural North Carolina with the creation of 800 jobs and an estimated contribution of more than $2.4 billion to the state’s economy.