Oakwood Shopping Center — Sale in Rocky Mount, NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Rocky Mount, NC 27801
  • Year built: 1975

Photos

Oakwood Shopping Center — Sale in Rocky Mount, NC, photo 1 of 3
Oakwood Shopping Center — Sale in Rocky Mount, NC, photo 2 of 3
Oakwood Shopping Center — Sale in Rocky Mount, NC, photo 3 of 3

Investment Figures

Cap rate
7.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale Oakwood Shopping Center located in Rocky Mount, North Carolina. Investment Highlights: • Food Lion Anchored Retail Center | Infill Position | WALT: 3.6 Years | 3% CAGR • Mark-to-Market Leasing Potential: 38-Percent of leased square footage has no renewal options • 90-Percent Occupancy | Three (3) Vacancies for Immediate Upside | Average GLA for Each Vacant Suite: 3,126 Square Feet • 50-Percent of Gross Income from National/Regional Brands: Food Lion, Citi Trends, Octopharma Plasma, Rent-A-Center • Includes Four (4) Freestanding Outparcel Buildings with Drive Thru's • Strong Anchor Sales | Recent Capital Improvements • Within 1.5 Miles of Downtown Rocky Mount | Walkable to Adjacent Neighborhoods • Downtown Rocky Mount Has +/- $30 Million in Active Capital Investments

Market Context

This retail in Rocky Mount, NC is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1975. Compare it against other retail listings for sale in Rocky Mount, NC — view the full market.

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