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Net-Leased Industrial Investment Opportunity | Rocky Mt, VA
Industrial | 7.30% CAP | 79,190 SF
Listing Contacts
License: VA VA 0225189906
License: VA 0225192338
Active
Asking Price: $2,500,000
Address
685 Tripple Creek Rd, Rocky Mount, VA 24151
Show on MapDate Added
Sep 17, 2024
Days on Market
215 days
Time Since Last Update
16 days
Details
Property TypeIndustrial
SubtypeDistribution, Warehouse
Investment TypeNet Lease
ClassA
Lease TypeNet
TenancySingle
Lease Expiration07/30/2029
Square Footage79,190
Price/Sq Ft$32.39
Cap Rate7.30%
Occupancy100%
NOI$182,522
Year Built1970
Buildings1
Stories1
ZoningM-1, Light Industrial
Lot Size (acres)11.4
Rent BumpsYes
APN0720034200
Ceiling Height14' Clear - 19'7" Center
INTELLIGENCEMarketing Description
Poe & Cronk Real Estate Group is pleased to present 685 Tripple Creek Road in Rocky Mount, VA, an exceptional investment opportunity. This 79,190 square foot light industrial facility sits on 11.4± acres, featuring 893 feet of frontage on U.S. Route 220 and 150 feet on Tripple Creek Road. Zoned M-1 for Light Industrial use, the property is fully leased, providing an immediate stable income stream in a market characterized by high demand and limited availability.
Virtual Tour Link: https://my.matterport.com/show/?m=Sm1cH6o2tTW
Investment Highlights
- Secure, Income-Producing Asset
- Fully Occupied with Future Development Potential
- Ideal for Distribution
- 1 Day Drive to 2/3 of the US Population
Valuation Calculator
Valuation Calculator
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$182,522.00
$15,210.17/mo
Valuation Metrics
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0
DSCR
7.3%
Cap Rate
7.3%
ROI
Property History
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Due Diligence
Listing Contacts
- License: VA VA 0225189906
- License: VA 0225192338
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Additional Information
Additional Information
Broker Name
Matt Huff
Broker License
VA VA 0225189906
Brokerage Name
Poe & Cronk Real Estate Group
Broker Title
Managing Broker
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