JUST LISTED | 9.00% CAP – Absolute Net Lease Drug Store | Rocky Mount, NC

Agent Info

Dante Hargis

248.702.0289
dhargis@encorereis.com

Deno Bistolarides

248.702.0288
denob@encorereis.com

Brandon Hanna

248.702.0290
bhanna@encorereis.com

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Offering Information

1630 Benvenue Rd
Rocky Mount, NC 27804

  • Price: $2,838,500
  • Cap. Rate: 9.00%
  • NOI: $255,468
  • Building Size: 11,200SF
  • Lot Size: 1.87 AC

Investment Highlights

  • 11,200 Square Foot Freestanding Rite Aid with Drive-Thru
  • Original 20 Year Lease with Rental Increases
  • 3 Years Remaining On Initial Lease Term
  • Triple Net Lease (NNN) - No Landlord Responsibilities
  • Subject Property Located on Heavily Traveled Benvenue Rd
  • Excellent Visibility on Hard Corner Signalized Intersection
  • Strong Retail Corridor: Surrounding Tenants Include O’reillys, Sheetz, Food Lion, CVS, Wells Fargo, Walmart, Dollar Tree, Golden East Crossings Mall, and Many Others
  • Five Mile Population: 57,506
  • Five Mile Average Household Income: $54,588