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Shopping Strip

Oakwood Shopping Center

103 N Fairview Rd, Rocky Mount, NC 27801

Listing Price: $5,500,000

Cap Rate
8.24%
Gross SF
103,012
Rentable SF
103,012
Price/Gross SF
$53.39
Lot Size
11.84 acres
Year Built
1975

Investment Overview

Marcus & Millichap is pleased to present for sale a grocery anchored shopping center located in Rocky Mount, North Carolina. The subject property, Oakwood Shopping Center, is 103,012 square feet on three (3) parcels totaling on 11.84 acres. The property features a 95,223 square feet of in-line shops and three free-standing outparcel buildings. National brands at the property include Food Lion, Citi Trends, Rent-A-Center, Octopharma Plasma, Boost Mobile, and Jackson Hewitt. Oakwood Shopping Center is located near the signalized intersection of N Fairview Road and Tarboro Street 1.5 miles south of downtown Rocky Mount. Interest points in the immediate area include Circle K, Oakwood Pharmacy, Southern Bank, Oic Family Medical Center, the Rocky Mount Department of Social Services, and Fairview Elementary School. Additional retailers in the surrounding area include State Employees’ Credit Union, McDonald’s, KFC, Hardee’s, Advance Auto Parts, and more. Downtown Rocky Mount has recently benefited from redevelopment projects and new construction. These improvements include the newly constructed Rocky Mount Event Center (165,000 sq. ft. multipurpose facility), The Douglas Block Renovations (historic buildings spanning 2 blocks), and multiple new housing developments like Beal Street Square, Ravenwood Crossing, and Russell Jackson Village. The area is planning for more growth with the proposed Douglas Entertainment and Business District (a 20,000 seat football stadium, hotel, retail and restaurant space, and over 1.6 million sq. ft. office space).

Investment Highlights

  • Food Lion Anchored Shopping Center | 103,012 Sq. Ft.
  • 86-Percent Leased | Immediate Upside | Three (3) Available Pads
  • Food Lion, Citi Trends, Rent-A-Center, Octopharma Plasma, Boost Mobile, & More
  • Total 11.84 +/- Acres | Three Parcels Included | Four (4) Drive Thru's
  • Historical Occupancy: 42-Percent of In-Line Spaces have been Occupied for 15+ Yrs

Exclusively Listed By

Shopping Strip

Oakwood Shopping Center

Listing Price: $5,500,000

Cap Rate
8.24%
Gross SF
103,012
Rentable SF
103,012
Price/Gross SF
$53.39
Lot Size
11.84 acres
Year Built
1975

Investment Highlights

  • Food Lion Anchored Shopping Center | 103,012 Sq. Ft.
  • 86-Percent Leased | Immediate Upside | Three (3) Available Pads
  • Food Lion, Citi Trends, Rent-A-Center, Octopharma Plasma, Boost Mobile, & More
  • Total 11.84 +/- Acres | Three Parcels Included | Four (4) Drive Thru's
  • Historical Occupancy: 42-Percent of In-Line Spaces have been Occupied for 15+ Yrs

Investment Overview

Marcus & Millichap is pleased to present for sale a grocery anchored shopping center located in Rocky Mount, North Carolina. The subject property, Oakwood Shopping Center, is 103,012 square feet on three (3) parcels totaling on 11.84 acres. The property features a 95,223 square feet of in-line shops and three free-standing outparcel buildings. National brands at the property include Food Lion, Citi Trends, Rent-A-Center, Octopharma Plasma, Boost Mobile, and Jackson Hewitt. Oakwood Shopping Center is located near the signalized intersection of N Fairview Road and Tarboro Street 1.5 miles south of downtown Rocky Mount. Interest points in the immediate area include Circle K, Oakwood Pharmacy, Southern Bank, Oic Family Medical Center, the Rocky Mount Department of Social Services, and Fairview Elementary School. Additional retailers in the surrounding area include State Employees’ Credit Union, McDonald’s, KFC, Hardee’s, Advance Auto Parts, and more. Downtown Rocky Mount has recently benefited from redevelopment projects and new construction. These improvements include the newly constructed Rocky Mount Event Center (165,000 sq. ft. multipurpose facility), The Douglas Block Renovations (historic buildings spanning 2 blocks), and multiple new housing developments like Beal Street Square, Ravenwood Crossing, and Russell Jackson Village. The area is planning for more growth with the proposed Douglas Entertainment and Business District (a 20,000 seat football stadium, hotel, retail and restaurant space, and over 1.6 million sq. ft. office space).

Exclusively Listed By

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