290 Old Franklin Tpke - Drug Store FOR SALE
Rocky Mount, VA 24151 |
$4,800,000 USD
747-877-8169
290 Old Franklin Tpke
Rocky Mount, VA 24151
HIGHLIGHTS
- Absolute NNN lease with zero landlord responsibilities and ±9.6 years remaining.
- Corporate Walgreens lease with annual rent of $538,500 and 11.22% cap rate.
- Strategic location along US-220 corridor with ±18,100 vehicles per day.
- ±14,462 SF building constructed in 2010 on a high-visibility retail corridor.
- Rocky Mount experiencing residential growth and major infrastructure investment.
- 100% occupied single-tenant property with strong national drugstore brand.
FOR SALE DETAILS
PRICE
$4,800,000 USD
PRICE/SF
$330 USD /SF
CAP RATE
11.22%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
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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747-877-8169
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747-877-8169
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