290 Old Franklin Tpke - Drug Store FOR SALE
Rocky Mount, VA 24151 |
$4,900,000 USD
323-432-0030
290 Old Franklin Tpke
Rocky Mount, VA 24151
HIGHLIGHTS
- CORPORATELY GUARANTEED FULL NNN LEASE – The property benefits from a fully guaranteed lease with over ±10 years remaining with zero landlord responsib
- STRATEGIC LOCATION – Rocky Mount is strategically located along the US-220 corridor in Franklin County, which provides easy access to major markets
- NATURAL BEAUTY AND RECREATION – Rocky Mount is surrounded by scenic landscapes, including Smith Mountain Lake and the Blue Ridge Mountains.
- ECONOMIC DIVERSIFICATION – While historically reliant on agriculture and manufacturing, the economy has diversified into sectors like healthcare
- INFRASTRUCTURE INVESTMENTS – Rocky Mount has secured a $1 million federal RAISE grant to develop a multimodal master plan for the Highway 40 Corridor
- EDUCATIONAL INSTITUTIONS – Nearby institutions such as the University of Virginia, Virginia Tech & Ferrum College contribute to a skilled workforce an
FOR SALE DETAILS
PRICE
$4,900,000 USD
PRICE/SF
$337 USD /SF
CAP RATE
10.99%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
DARK WALGREENS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
43
LAND DETAILS
LAND ACRES
1.38 AC
LAND SF
60,113 SF
ZONING
GB
APN/PARCEL ID
2030007602
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323-432-0030
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323-432-0030
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