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Property profile & analytics
FOR SALE
Retail space

766 W Raleigh Blvd Rocky Mount, NC 27803

14,693 SF 2.05 ac lot Built 2010
Entity Owned 13-yr Hold Free & Clear
Property ID
US53-2576196
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cardtronics ATM Atm
  • April L. Lewis, PharmD Pharmacy
  • Dollar Tree Discount Store
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.85M
CAP Approach CAP
$4.18M
Comparable Approach Comparable
$5.78M
Blend (final) Blend
$4.61M
Owner & transaction history
Bellefonte Associates LP · 13 yrs held
Bellefonte Associates LP
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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