Property profile

1206 Rockingham Rd Rockingham, NC 28379

OFF-MARKET
Neighborhood centers
57,806 SF Built 1983
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Property summary

AI-generated overview

This exceptional 57,806 square foot retail strip center, built in 1983, presents a compelling investment opportunity in Rockingham, North Carolina. The property boasts a single, one-story building situated in Richmond County and features multiple tenancies. Currently, there is space available ranging from 8,180 to 22,298 square feet, ideal for a variety of retail businesses. The center benefits from a strong anchor tenant: a Tractor Supply store ranking in the top 15% nationwide. This prime location enjoys proximity to major national retailers including Belk, Lowe's, Walmart Supercenter, Roses, Bealls, Hibbett Sports, Dunham's Sports, and Harbor Freight Tools. Rockingham's economy is robust, driven by manufacturing, retail trade, and healthcare. The city is experiencing significant revitalization through the "Shaping Our Future: 2023" ten-year plan, attracting new businesses to the downtown area. Further bolstering the area's appeal, Rockingham Speedway will host NASCAR's Xfinity and Craftsman Truck Series beginning in 2025. This revitalized downtown and the return of NASCAR present a unique opportunity for significant growth and increased foot traffic, making this retail center an attractive investment prospect with strong potential for future returns.

Property profile

Verified
Property type Neighborhood centers
Year built 1983
Total area 57,806 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1206 Rockingham Rd Rockingham, NC 28379
Rockingham metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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