301 Madison Blvd Roxboro, NC 27573

This exceptional investment opportunity presents the Shops at Roxboro Square, a 29,900 square foot retail center located at 301 S Madison Blvd, Roxboro, NC 27573. The property boasts a strong tenant mix including Buddy's Home Furnishings and State Farm, across 13 units within a single, one-story building constructed in 1988. With 11 tenants currently occupying 89% of the net rentable space, the property generates a substantial NOI of $338,207, representing a 7.75% cap rate on the $4,365,000 asking price. The property features 197 parking spaces situated on a 3.9-acre lot. The center benefits from a strategic location along Roxboro's main retail corridor (S Madison Blvd), experiencing a high volume daily traffic of 22,500 vehicles. Further enhancing its value, the property is shadow-anchored by a government credit tenant, with Person County holding an A1 bond rating from Moody's. Restaurant tenants within the center demonstrate impressive sales exceeding $600 per square foot. The property offers immediate value-add potential with two available shop spaces. A significant portion (67%) of the occupied gross leasable area (GLA) includes annual rent escalations ranging from 2.5% to 7%. The existing rent roll shows an average weighted rent of $13.08 per square foot. This property is situated just 10 minutes from a 1,350-acre Mega Park recently acquired by Microsoft, further solidifying its long-term growth potential. The property is offered as a Core+ investment with a NNN lease type. The price per square foot is $146.