Listed by KW Commercial VG Realty
$2,750,000
NATIONAL TENANTS | MONARCH & EYE CARE | $194K NOI | 7.0% CAP
Details
APN 044640
Property Type Office, Retail
Sub Type Executive Office, Medical Office
Square Footage 10,738
Cap Rate 7.00%
NOI $194,012
Lease Type NNN
Class C
Year Built 2001
Buildings 1
Stories 1
Zoning X
Investment Type Net Lease
National Tenants | Monarch & Eye Care | $194K NOI | 7.0% Cap
Marketing description
Located in the economic core of Rocky Mount, this stabilized, high-performing retail asset is backed by national-credit tenants Monarch and Eye Care, both secured with fresh 5-year lease renewals. Offered at a compelling 7.0% cap rate with an NOI of $194,012, this $2.75M investment delivers immediate, reliable cash flow and strong in-place performance from day one.
The upside is undeniable, featuring a 900 SF cold dark shell positioned for value-add and income expansion. Opportunities combining stability, yield, and built-in growth are increasingly scarce, this is a decisive acquisition for investors seeking both security and aggressive return potential in a proven market.
Investment highlights
Immediate Cash Flow: Stabilized asset delivering a strong 7.0% cap rate with $194,012 NOI in place
National-Credit Tenancy: Anchored by Monarch and Eye Care, both secured with fresh 5-year lease renewals
Prime Core Location: Positioned in the economic heart of Rocky Mount, ensuring long-term tenant demand
Built-In Upside: 900 SF cold dark shell offers clear path for value-add and income growth
Defensive Investment: Essential-service tenants provide durability through market cycles
Listing Contacts
Listed by KW Commercial VG Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$194,012.00
$16,167.67/mo
Valuation Metrics
0
DSCR
7.05%
Cap Rate
7.05%
ROI
Map
Zoning
B-2CD CommercialSpecial CommercialConditional Commercial Corridor District
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View all 130 uses Last updated Jan 15, 2026 For deeper zoning details, reports are available at Zoneomics
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