Shopping Strip
Oakwood Shopping Center
113 N Fairview Rd, Rocky Mount, NC 27801
Listing Price: $7,110,000
Cap Rate
7.75%
Gross SF
103,012
Rentable SF
103,012
Price/Gross SF
$69.02
Lot Size
11.84 acres
Year Built
1975
Investment Overview
Marcus & Millichap is pleased to present for sale Oakwood Shopping Center located in Rocky Mount, North Carolina.
Oakwood Shopping Center
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
Exclusively Listed By
Listing Price: $7,110,000
Cap Rate
7.75%
Gross SF
103,012
Rentable SF
103,012
Price/Gross SF
$69.02
Lot Size
11.84 acres
Year Built
1975
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
Investment Overview
Marcus & Millichap is pleased to present for sale Oakwood Shopping Center located in Rocky Mount, North Carolina.
Exclusively Listed By
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