Current Use by Public Records
- Lifestyle centers
Property Details for 767 Word Plz
- Year built
- 2006
- Lot size
- 1.29 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This fee-simple, 10,842 square-foot shopping center in Rocky Mount, NC, presents a compelling investment opportunity. The property boasts 100% occupancy across six tenants, anchored by a credit-rated Verizon Wireless, whose lease has recently been extended for five years. The center enjoys a prime location with high visibility on US Route 301, benefiting from a 36,000 ADT. Its strategic position along the I-95 corridor, just an hour from Raleigh, ensures excellent accessibility and a strong draw from a population of 56,748 within a five-mile radius. The property's convenient adjacency to popular restaurants like Chili's, Applebee's, Waffle House, and Arby's further enhances its appeal. Built in 2006, this single-story building sits on 1.29 acres and includes 69 parking spaces. The current Net Operating Income (NOI) is $252,135, resulting in a 7.78% cap rate. The asking price is $3,236,787, translating to a price per square foot of $298.54. This stabilized, Class B shopping center offers a robust and secure investment with a strong tenant mix and excellent location. The property features a Net Net Lease (NN+) structure.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Rocky Mount
- County
- Nash
- State
- North Carolina
- Longitude
- -77.8169
- Latitude
- 35.9674
