Murphy USA
2,824 SF | 100% Leased | Retail Building | Rocky Mount, NC 27804 | $2,762,000 ($978/SF) | 5.25% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $2,762,000
- Property Type
-
Retail
- Square Feet
- 2,824 SF
- Price / Square Foot
- $978
Listing Contacts
David Hoppe
Verified Profile
Mike Lucier
Verified Profile
Ben Olmstead
Verified Profile
- Property Info
Property Overview
Located at a Lighted Intersection of Major Shopping Center
- The Subject Site is located on an out parcel to Sutters Creek Plaza, a 210,842 SF Power Center, that is anchored by: Tractor supply and Big Lots
- This Tractor Supply ranks in the 95th percentile in visits compared to all other Tractor Supply Co’s Nationwide
Investment Grade Tenant
- Market Cap of over $10.45B
- Has Over 1,700 locations
- Corporate Lease with strong credit tenant
Positioned on Main Retail Corridor
- Over 2.7MSF of retail space within a 1-mile radius (Target, Walmart, Lowes Home Improvement, TJ Maxx, McDonalds, Wendy’s, Cook Out) with 122K SF of absorption in the past 12 months
- Approximately 400 multi-family units and 400 hotel rooms in a 1-mile radius
Attractive Lease Fundamentals
- 8% rent increases every 5 years and during option periods
- Absolute NNN Ground Lease providing no Landlord responsibilities
- Four (4) - five (5) year option periods
Easily Accessible & Highly Visible Location
- Fronting N. Wesleyan Blvd (37K VPD), the subject site is positioned on a hard corner of a lighted intersection providing seamless ingress & egress
- The Subject Site is located on an out parcel to Sutters Creek Plaza, a 210,842 SF Power Center, that is anchored by: Tractor supply and Big Lots
- This Tractor Supply ranks in the 95th percentile in visits compared to all other Tractor Supply Co’s Nationwide
Investment Grade Tenant
- Market Cap of over $10.45B
- Has Over 1,700 locations
- Corporate Lease with strong credit tenant
Positioned on Main Retail Corridor
- Over 2.7MSF of retail space within a 1-mile radius (Target, Walmart, Lowes Home Improvement, TJ Maxx, McDonalds, Wendy’s, Cook Out) with 122K SF of absorption in the past 12 months
- Approximately 400 multi-family units and 400 hotel rooms in a 1-mile radius
Attractive Lease Fundamentals
- 8% rent increases every 5 years and during option periods
- Absolute NNN Ground Lease providing no Landlord responsibilities
- Four (4) - five (5) year option periods
Easily Accessible & Highly Visible Location
- Fronting N. Wesleyan Blvd (37K VPD), the subject site is positioned on a hard corner of a lighted intersection providing seamless ingress & egress
Property Details
- Class
- C
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Freestanding, Grocery/Convenience Store, Storefront
- Lot Size (sq. ft)
- 52,272 SF
Highlights
- Investment Grade Tenant
- Located in High Growth Raleigh MSA
- Attractive Lease Fundamentals
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