Property profile

766 W Raleigh Blvd Rocky Mount, NC 27803

FOR SALE
Retail space
Property ID
US53-2576196
14,693 SF 2.05 ac lot Built 2010
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 14,820 square foot Dollar Tree retail building situated on a 2-acre lot at 766 W. Raleigh Blvd, Rocky Mount, NC, within the Raleigh MSA. The property boasts an absolute NNN lease, minimizing landlord responsibilities and maximizing passive income. With over 10 years remaining on the initial lease term, this investment offers significant long-term stability. The property generates a substantial net operating income (NOI) of $300,000, resulting in an attractive 4.29% cap rate. Built in 2010, the building benefits from a high-traffic location, experiencing approximately 11,500 vehicles daily. Conveniently located near Interstate 95 and US Highway 64, this property enjoys excellent accessibility. Dollar Tree subleases from Walgreens, further solidifying the tenant's commitment. The asking price for this turnkey investment is $7,000,000. Rocky Mount's thriving economy, anchored by major employers like Pfizer and Honeywell, and its strategic location within the Raleigh-Durham metropolitan area, ensures a strong and consistent rental income stream. This is a rare opportunity to acquire a stable, high-performing retail asset with significant upside potential.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2010
Total area 14,693 SF
Lot 2.05 ac (89,298 SF)
Zoning code B2
APN 375909-26-0648
UPID US53-2576196

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Atm
  • Pharmacy
  • Discount Store
  • Bank Credit Union

Location

766 W Raleigh Blvd Rocky Mount, NC 27803
Rocky Mount metro Census 10301 ROCKY MOUNT, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.85M
CAP Approach CAP
$4.18M
Comparable Approach Comparable
$5.78M
Blend (final) Blend
$3.85M

Owner & transaction history

since 2013
4 recorded transactions
2013
$4.7M
2011
Price N/A
2006
Price N/A
2006
$850,000

Zoning & alternative use

B2 · Rocky Mount, NC

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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