Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    766 Raleigh Blvd Rocky Mount, NC 27803

    For Sale
    $7,000,000

    High-yield NNN lease, Rocky Mount, NC

    Property size:
    14,820 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 14,820 square foot Dollar Tree retail building situated on a 2-acre lot at 766 W. Raleigh Blvd, Rocky Mount, NC, within the Raleigh MSA. The property boasts an absolute NNN lease, minimizing landlord responsibilities and maximizing passive income. With over 10 years remaining on the initial lease term, this investment offers significant long-term stability. The property generates a substantial net operating income (NOI) of $300,000, resulting in an attractive 4.29% cap rate. Built in 2010, the building benefits from a high-traffic location, experiencing approximately 11,500 vehicles daily. Conveniently located near Interstate 95 and US Highway 64, this property enjoys excellent accessibility. Dollar Tree subleases from Walgreens, further solidifying the tenant's commitment. The asking price for this turnkey investment is $7,000,000. Rocky Mount's thriving economy, anchored by major employers like Pfizer and Honeywell, and its strategic location within the Raleigh-Durham metropolitan area, ensures a strong and consistent rental income stream. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.

    Property Features for 766 Raleigh Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,820 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2010

    HighLights

    • Absolute NNN lease with Dollar Tree as the tenant.
    • Located at 766 W. Raleigh Blvd, Rocky Mount, NC, in the Raleigh MSA.
    • 10+ years remaining on the initial lease term.
    • High traffic count of approximately 11,500 vehicles daily.
    • Dollar Tree subleases from Walgreens.
    • Excellent access to I‑95 and US Hwy 64.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardtronics ATM Atm April L. Lewis, ... Pharmacy Dollar Tree Dollar Store Western Union Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rocky Mount
    County
    Nash
    State
    North Carolina
    Longitude
    -77.8105021
    Latitude
    35.9337791

    Nearby Similar for Sale

    • $200,000
      1,367 SF

      Commercial Opportunity with Expansion Potential

      Restaurant space with expansion potential on N Pine St, Rocky Mount.
      601-603 N Pine St, Rocky Mount, NC 27804
      View Details
    • $625,000
      10,000 SF

      Versatile Building in Rocky Mount, NC

      Adaptable commercial building suitable for various uses in Rocky Mount.
      420 Paul St, Rocky Mount, NC 27803
      View Details
    • $899,900
      9,000 SF

      Versatile Commercial Building Near Major Routes

      9,000 SF commercial building on 3 acres near I-95.
      2040 Fenner Rd, Rocky Mount, NC 27804
      View Details
    • $349,900
      3,408 SF

      Income-Producing Rocky Mount Quadplex

      Quadplex with updated units, spacious rooms, and common areas.
      428 Cokey Rd, Rocky Mount, NC 27801
      View Details
    • $180,000
      2,544 SF

      Rocky Mount Duplex with Potential

      Spacious 4-bedroom, 2-bath duplex in a convenient Rocky Mount location.
      305 S Howell St, Rocky Mount, NC 27804
      View Details
    • New
      $180,000
      2,544 SF

      Rocky Mount Duplex with Potential

      4-bedroom, 2-bath duplex in Rocky Mount, NC.
      305 S Howell St, Rocky Mount, NC 27804
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN lease, Rocky Mount, NC
    Where is this individual retail property located?
    The property is located at 766 Raleigh Blvd Rocky Mount, NC.
    What is the asking price?
    The asking price for this property is $7,000,000.
    What are key features of this property?
    This property features: Absolute NNN lease with Dollar Tree as the tenant.; Located at 766 W. Raleigh Blvd, Rocky Mount, NC, in the Raleigh MSA.; 10+ years remaining on the initial lease term.
    Request Owner's contact information
    766 Raleigh Blvd Rocky Mount, NC 27803
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    766 Raleigh Blvd
    Rocky Mount, NC 27803
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    766 Raleigh Blvd Rocky Mount, NC 27803
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.