Dollar Tree NNN
For Sale
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766 W Raleigh Blvd, Rocky Mount, NC 27803
NNN leased Dollar Tree in Rocky Mount, North Carolina.
Property Size14,820 SF
Price / SF$354.25
Days on Market753
Property Features for 766 W Raleigh Blvd
General Information
Standard status
Active
Size
14,820 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Net Operating Income
$300,000
Building Details
Year Built
2010
Tenancy
Single
Listing Agency:
FAMILY INVESTMENTS REALTY
Listed By:
Jahan Tabatabaie · License #PA RM424736
(570) 961-0222
Source:
Crexi
Added: Sep 25, 2024
Changed: Oct 10
Last Checked: Oct 16 at 8:46AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,146
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,482,920
$5.5M
Cap Rate 7%
$3,916,371
$3.9M
Cap Rate 9%
$3,046,067
$3.0M
Market Conditions
NOI Build-Up for 14,820 SF
Gross rent
$417.9K $28.20/SF
− Vacancy
−$26.3K −$1.77/SF
EGI
$391.6K $26.43/SF
− OpEx
−$117.5K −$7.93/SF
NOI
$274.1K $18.50/SF
Area
Nash County, NC
Vacancy
6.29%
Lease Rate
$28.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,482,920
Cap Rate 7%
$3,916,371
Cap Rate 9%
$3,046,067
Alternative Uses
Best Use
Retail
$3.92M
$3.43M – $4.57M
NOI $274,146 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.89M
$4.28M – $5.70M
NOI $342,027 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
311
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Groceries 22%
Dining 15%
Dollar Tree
Shops & Services
8,276 visits/mo
0.1 miles
Piggly Wiggly
Groceries
7,719 visits/mo
0.1 miles
Hardee's
Dining
5,375 visits/mo
0.1 miles
Shell
Shops & Services
5,204 visits/mo
0.4 miles
Dollar General
Shops & Services
3,714 visits/mo
0.2 miles
Demographics for 27803, NC
20,882
Population
10,079
Households
2.1
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
41.9 sq mi
ZIP Area
498
Density / Sq Mi
$59,647
Median Household Income
$38,154
Median Earnings
$889
Median Rent
$168,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
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 $5,250,000.
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.
