Listed by Lee & Associates - Raleigh Durham
$1,300,000
1123 East Raleigh Boulevard
Details
APN 3860-20-1611-00
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 14,217
NOI $124,375
Tenancy Single
Lease Expiration 05/31/2028
Price per SqFt $91
Year Built 2003
Stories 1
Acreage 1.670
Zoning B2CD
Parking Spaces 62 spaces
Parking Per SqFt 4.36
Investment Type Net Lease
Retail | 14,217 SqFt
Marketing description
Located along East Raleigh Boulevard, one of Rocky Mount's primary commercial corridors, this highly visible freestanding property benefits from strong local traffic and convenient access to downtown Rocky Mount, US Highway 64, and Interstate 95. Positioned near the signalized intersection of E. Raleigh Boulevard and N. Fairview Road, the site serves a well-established trade area and offers excellent accessibility for retail, medical, service, or restaurant users.
Investment highlights
- 14,217 SF on 1.67 Acres
- Freestanding, former Walgreens located near signalized intersection
- Built in 2004
- Double drive-thru and 62 parking spaces
- All brick construction, prominent visibility
- NOI $124,375 through 5/31/2028
- Tenant willing to buyout lease
Listing Contacts
Listed by Lee & Associates - Raleigh Durham
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,375.00
$10,364.58/mo
Valuation Metrics
0
DSCR
9.57%
Cap Rate
9.57%
ROI
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