766 W Raleigh Blvd Rocky Mount, NC 27803
For Sale
1 / 5
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.
-
Cardtronics ATM Atm
-
April L. Lewis, PharmD Pharmacy
-
Dollar Tree Discount Store
-
Western Union Bank Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · Rocky Mount, NCRocky Mount. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.