Dollar Tree NNN
766 W Raleigh Blvd Rocky Mount, NC 27803
766 W Raleigh Blvd, Rocky Mount, NC, 27803
Contact for pricing
For Sale
Contact for pricing
NNN leased Dollar Tree in Rocky Mount, North Carolina.
Property Size14,820 SF
Price / SF$381.24
Days on Market663
Property Features for 766 W Raleigh Blvd
General Information
- Standard status
- Active
- Size
- 14,820 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2010
Listing Agency
FAMILY INVESTMENTS REALTY
(570) 961-0222
Listed by
Jahan Tabatabaie · License #PA RM424736
Source
Crexi
Added: Sep 25, 2024 Checked: Jul 17 at 8:54 am
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 FAMILY INVESTMENTS REALTY
Investment Insights
Based on property information with market context.
The property is a Dollar Tree-occupied retail building located on W. Raleigh Boulevard in Rocky Mount, North Carolina. The property has an absolute NNN lease, requiring minimal landlord involvement. Approximately 10 years remain on the initial lease term. The location benefits from a traffic count of approximately 11,500 cars per day. Dollar Tree subleases the space from Walgreens. Rocky Mount, a suburb of Raleigh, North Carolina, features a major CSX rail hub and hosts national employers such as Pfizer and Honeywell. The property offers convenient access to Interstate 95 and US Highway 64, connecting it to other major areas throughout the state. The building size is 14,820 square feet.
Key Highlights
- Absolute NNN lease, tenant handles taxes and insurance.
- Dollar Tree occupied retail building.
- Just under 10 years remaining on the initial lease.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $417.9k | $28.20 |
| − Vacancy | −$26.3k | −$1.77 |
| EGI | $391.6k | $26.43 |
| − OpEx | −$117.5k | −$7.93 |
| NOI | $274.1k | $18.50 |
14,820 SF · lease $28.20/SF/yr · vacancy 6.29% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.92M
$3.43M – $4.57M
NOI $274,146 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.89M
$4.28M – $5.70M
NOI $342,027 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cardtronics ATM
Atm
April L. Lewis, ...
Pharmacy
Dollar Tree
Discount Store
Western Union
Bank
Similar For Sale Nearby
FAQs
What type of property is this?
NNN property - NNN leased Dollar Tree in Rocky Mount, North Carolina.
Where is this nnn property located?
The property is located at 766 W Raleigh Blvd Rocky Mount, NC.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: Absolute NNN lease, tenant handles taxes and insurance.; Dollar Tree occupied retail building.; Just under 10 years remaining on the initial lease.
