Oakwood Strip
New
For Sale
$7,110,000
113 N Fairview Rd, Rocky Mount, NC 27801
Retail center offering substantial commercial space with a 1975 construction date.
Property Size103,012 SF
Price / SF$69.02
Days on Market3
Property Features for 113 N Fairview Rd
General Information
Standard status
Active
Size
103,012 SF
Property subtype
Shopping Strip
Additional Details
Cap Rate
7.75%
Amenities
Food Lion Anchored Retail Center | Infill Position | WALT: 3.6 Years | 3% CAGR
Mark-to-Market Leasing Potential: 38-Percent of leased square footage has no renewal options
90-Percent Occupancy | Three (3) Vacancies for Immediate Upside | Average GLA for Each Vacant Suite: 3,126 Square Feet
50-Percent of Gross Income from National/Regional Brands: Food Lion, Citi Trends, Octopharma Plasma, Rent-A-Center
Includes Four (4) Freestanding Outparcel Buildings with Drive Thru's
Strong Anchor Sales | Recent Capital Improvements
Within 1.5 Miles of Downtown Rocky Mount | Walkable to Adjacent Neighborhoods
Downtown Rocky Mount Has +/- $30 Million in Active Capital Investments
Building Details
Building Size
103,012 SF
Year Built
1975
Listing Agency:
Charlotte Uptown Office
Listed By:
Andrew Margulies · License #License(s): NC: 264059, IL: 475.147606
(919) 674-1108
Source:
Marcusmillichap
Added: Sep 20
Last Checked: Sep 22 at 1:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charlotte Uptown Office
Investment Insights
Based on property information with market context.
Oakwood Shopping Center is a strip mall comprising 103,012 square feet of commercial space. The property was built in 1975 and is identified as a retail center in Rocky Mount, North Carolina.
The property is located at 113 N Fairview Rd, Rocky Mount, NC 27801. Its scale and established construction date provide the core physical profile for this commercial retail asset.
The property is located at 113 N Fairview Rd, Rocky Mount, NC 27801. Its scale and established construction date provide the core physical profile for this commercial retail asset.
Key Highlights
- 103,012 square feet of commercial space
- Built in 1975
- Located at 113 N Fairview Rd, Rocky Mount, NC 27801
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 63%
Shops & Services 25%
Apparel 12%
Food Lion Grocery Store
Groceries
15,452 visits/mo
0.2 miles
Citi Trends
Apparel
2,888 visits/mo
0.2 miles
BP
Shops & Services
2,461 visits/mo
0.3 miles
Circle K
Shops & Services
2,424 visits/mo
0.3 miles
Jackson Hewitt Tax Service
Shops & Services
785 visits/mo
0.2 miles
Demographics for 27801, NC
19,043
Population
9,162
Households
2.1
Avg Household Size
41
Median Age
15%
College-Educated
83%
High-School Grad
66.8 sq mi
ZIP Area
285
Density / Sq Mi
$41,696
Median Household Income
$32,390
Median Earnings
$850
Median Rent
$108,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Retail center offering substantial commercial space with a 1975 construction date.
Where is this strip mall located?
The property is located at 113 N Fairview Rd Rocky Mount, NC.
What is the asking price?
The asking price for this property is $7,110,000.
What are key features of this property?
This property features: 103,012 square feet of commercial space; Built in 1975; Located at 113 N Fairview Rd, Rocky Mount, NC 27801
