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Freestanding Drive-Through Retail Building
For Sale
$1,300,000

1123 E Raleigh Blvd, Rocky Mount, NC 27801

Freestanding brick building with double drive-thru and 62 parking spaces, built in 2004 near a signalized intersection.

Property Size14,217 SF
Days on Market95

Property Features for 1123 E Raleigh Blvd

General Information

Standard status Active
Size 14,217 SF
Property subtype Retail

Building Details

Building Size 14,217 SF
Year Built 2003
Listing Agency: Lee & Associates - Raleigh Durham
Listed By: Jake Plotkin · License #257898
Source: Lee-associates
Added: Jun 4 Changed: Sep 5 Last Checked: Sep 5 at 6:14AM

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 Lee & Associates - Raleigh Durham

Investment Insights

Based on property information with market context.

This freestanding, all-brick commercial building was built in 2004 and was formerly operated as a Walgreens. The property includes a double drive-thru configuration and on-site parking for 62 vehicles, supporting retail, medical, service, or restaurant uses.

The site is located along East Raleigh Boulevard, a primary commercial corridor in Rocky Mount, near the signalized intersection of E. Raleigh Boulevard and N. Fairview Road. It also benefits from convenient access to downtown Rocky Mount, US Highway 64, and Interstate 95.

The offering includes 14,217 SF on 1.67 acres. The current NOI is listed at $124,375 through 5/31/2028, and the tenant is willing to buy out the lease at sale.

Key Highlights

  • Freestanding former Walgreens on E. Raleigh Boulevard near the signalized intersection of E. Raleigh Boulevard and N. Fairview Road
  • 14,217 SF building on 1.67 acres; all brick construction
  • Double drive‑thru plus 62 parking spaces

Property Analytics

Current Use

higi Physician Tiffany Chan Pharmacy Maria Santos-Hashimoto Pharmacy

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Dental Office Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

157
Businesses Nearby
69k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 65% Dining 35%
McDonald's Dining
12,985 visits/mo 0.1 miles
Roses Discount Store Shops & Services
9,468 visits/mo 0.1 miles
Hardee's Dining
9,174 visits/mo 0.2 miles
Exxon Shops & Services
8,939 visits/mo 0.1 miles
Speedway Shops & Services
7,309 visits/mo 0.1 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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Similar Off Market Nearby

  • Oakwood Pharmacy Inc 329 N Fairview Rd, Rocky Mount, NC 27801
  • Gary S. Jared Sr, RPh 329 N Fairview Rd, Rocky Mount, NC 27801
  • Carey W. Gaynor Jr, RPh 329 N Fairview Rd, Rocky Mount, NC 27801
  • William D. Vick III, Pharm.D. 504 N Fairview Rd, Rocky Mount, NC 27801

Frequently Asked Questions

What type of property is this?
Drug store - Freestanding brick building with double drive-thru and 62 parking spaces, built in 2004 near a signalized intersection.
Where is this drug store located?
The property is located at 1123 E Raleigh Blvd Rocky Mount, NC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Freestanding former Walgreens on E. Raleigh Boulevard near the signalized intersection of E. Raleigh Boulevard and N. Fairview Road; 14,217 SF building on 1.67 acres; all brick construction; Double drive‑thru plus 62 parking spaces
More about this property
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