959 N Wesleyan Blvd - Freestanding FOR SALE


Rocky Mount, NC 27804
$2,762,000 USD
980-498-3293
959 N Wesleyan Blvd, Rocky Mount, NC for Sale
$2,762,000 USD
Freestanding - FOR SALE
1/6
null | 5.25% Cap Rate

959 N Wesleyan Blvd
Rocky Mount, NC 27804


HIGHLIGHTS

  • Investment Grade Tenant
  • Located in High Growth Raleigh MSA
  • Attractive Lease Fundamentals

OVERVIEW

Located at a Lighted Intersection of Major Shopping Center - The Subject Site is located on an out parcel to Sutters Creek Plaza, a 210,842 SF Power Center, that is anchored by: Tractor supply and Big Lots - This Tractor Supply ranks in the 95th percentile in visits compared to all other Tractor Supply Co’s Nationwide Investment Grade Tenant - Market Cap of over $10.45B - Has Over 1,700 locations - Corporate Lease with strong credit tenant Positioned on Main Retail Corridor - Over 2.7MSF of retail space within a 1-mile radius (Target, Walmart, Lowes Home Improvement, TJ Maxx, McDonalds, Wendy’s, Cook Out) with 122K SF of absorption in the past 12 months - Approximately 400 multi-family units and 400 hotel rooms in a 1-mile radius Attractive Lease Fundamentals - 8% rent increases every 5 years and during option periods - Absolute NNN Ground Lease providing no Landlord responsibilities - Four (4) - five (5) year option periods Easily Accessible & Highly Visible Location - Fronting N. Wesleyan Blvd (37K VPD), the subject site is positioned on a hard corner of a lighted intersection providing seamless ingress & egress

FOR SALE DETAILS

PRICE

$2,762,000 USD

PRICE/SF

$978 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Murphy USA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Convenience Store, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

US-64 Hwy

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

B2

APN/PARCEL ID

3850-05-29-2959

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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