290 Old Franklin TpkeRocky Mount, VA 24151

This exceptional investment opportunity presents a 14,550 square foot Walgreens convenience store and pharmacy located at 290 Old Franklin Turnpike, Rocky Mount, VA 24151. The property sits on a 1.38-acre lot and boasts a corporately guaranteed, full NNN lease with 11.3 years remaining until expiration (September 30, 2035). The lease commenced September 1, 2010, with a 25.1-year initial term. The property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $538,500, representing a 9.25% cap rate. The asking price is $5,821,622, translating to $438 per square foot and $402.55 per square foot for the land value. Built in 2010, this strategically located property benefits from its position along the US-220 corridor, providing easy access to major markets. The area offers a blend of natural beauty, economic diversification, and ongoing infrastructure improvements, contributing to a strong investment climate. There are no rent bumps or lease options included in the current agreement. This is a fee-simple sale, not a ground lease. This presents a rare opportunity to acquire a stable, high-performing asset with a long-term lease from a creditworthy tenant.