1010 N Wesleyan Blvd - Restaurant FOR SALE


Rocky Mount, NC 27804
$3,100,000 USD
804-869-8883
1010 N Wesleyan Blvd, Rocky Mount, NC for Sale
$3,100,000 USD
Restaurant - FOR SALE
1/5
null | Request Cap Rate

1010 N Wesleyan Blvd
Rocky Mount, NC 27804


HIGHLIGHTS

  • Hard Corner – Signal Intersection – High Visibility
  • Busy retail corridor in Rocky Mount, proximity to Golden East Crossing Mall
  • Surrounded by top performing retailers (Target, Tractor Supply, Chick-Fil-A, Walmart, Hobby Lobby)
  • Recent New developments in the area (Gas and C-stores)
  • B-2 Zoning will allow for new drive-thru development (per the City of Rocky Mount)
  • Meticulous maintenance - Exterior in great condition

OVERVIEW

Nestled in the thriving Rocky Mount/Wilson trade area, this single-tenant restaurant offers an exceptional opportunity for owner-users or investors alike. Boasting a prime location at a signalized hard corner with visibility to 35,000 vehicles per day, the property ensures excellent exposure. Built in 1988 and renovated in 2016, this well-maintained establishment sits on a spacious 1.72-acre parcel and includes 117 parking spaces, making it highly accessible with three points of ingress and egress. Zoned B2 (Commercial), it is versatile and suitable for a variety of uses. Surrounded by high-performing retailers like Target, Walmart, Chick-fil-A, and Tractor Supply Co., and anchored by Rural King and Hobby Lobby, the location promises a bustling retail environment. The trade area, home to over 200,000 residents with an average household income of $68,000 within a 3-mile radius, is experiencing significant growth with new retail and service stores. Positioned less than a mile from Hwy 64 and just 5 miles from Interstate 95, and only an hour's drive to Raleigh and "The Triangle," this property offers unparalleled convenience and potential for future development.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Former Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

117

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

B2

APN/PARCEL ID

3851-17-20-1505

ASK ABOUT THIS PROPERTY

Harrison JonesMarcus & MillichapMore Info
804-869-8883

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Harrison JonesMarcus & MillichapMore Info
804-869-8883

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.