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    OFF-MARKET
    Neighborhood centers

    1206 Rockingham Rd, Rockingham, NC 28379

    57,806 SF Built 1983
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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