1206 Rockingham Rd, Rockingham, NC 28379
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.