Rite Aid | Roanoke Rapids, NC

Agent Info

Brandon Hanna

248.702.0290
bhanna@encorereis.com

Michael Gaggo

248.702.0287
mgaggo@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

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Offering Information

1825 E 10th St
Roanoke Rapids, NC 27870

  • Price: $1,800,000
  • Cap. Rate: 11.21%
  • NOI: $201,737
  • Building Size: 10,908SF
  • Lot Size: 1.56 AC

Investment Highlights

  • Absolute Net Lease | Zero Landlord Responsibilities
  • 10,908sqft Building Situated on 1.56 Acres of Land
  • Prototypical Freestanding Building with Drive-Thru
  • Low Price Point Drug Store - Base Rent: $18.46per S/F
  • Five (5), Five-Year Options with Rental Increases
  • E 10th Street & Julian R Allsbrook Hwy boasts Combined Traffic Counts of 38K VPD +/- | Immediate Access to Highway 158 (11K VPD +/-) | Within 1 Mile From Interstate I-95 (41K VPD +/-)
  • Site is Located Within Close Proximity to Halifax Regional Medical Center (204 Beds)

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  • Site is Located 80 Miles From Raleigh & 85 Miles From Richmond, VA
  • Excellent Points of Ingress and Egress from Both Directions
  • Average Household Income within a 1-Mile Radius is $54,782
  • Neighboring National Tenants Include: Walmart Supercenter, McDonald’s, Cracker Barrel, Lowe’s, Starbucks, Burger King, Food Lion, and more