Nestled in the heart of Rocky Mount, 819 Tiffany Blvd presents a prime investment opportunity in the commercial real estate landscape.
This meticulously maintained property boasts an impressive array of features:
Monthly Rent: $15,900+ (Eye Care Associate has renewed for 5 additional years.
Net Operating Income: $180,000+/year
Long-standing national tenants: Monarch and Eye Care Associates recently renewed for an additional 5 years
Strategically designed for optimal returns, this investment yields a solid 6%+ cap rate, valuing the property at $3 million.
The property also offers a value-add opportunity with approximately 900 sq. ft. of prime space, currently in its cold dark shell state.
This blank canvas presents endless possibilities for customization and expansion, allowing for even greater revenue potential.