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1.3 ACRE PARCEL ON HIGH TRAFFIC CORNER OF BENVENUE AND NORTHERN BLVD. ZONED B-2. PERFECT FOR BANK, FAST FOOD OR OTHER HIGH TRAFFIC BUSINESS.
The Subject Property is a .47 acre ground lease under a 4,996 square foot Ruby Tuesday in Rocky Mount, North Carolina. There are currently 4 years remaining on the ground lease with 10 percent rental increases every five years during the option periods. The absolute net lease, with no landlord responsibilities, has a corporate guarantee from Ruby Tuesday, a casual dining restaurant with 800 locations, and $1.17 billion in sales for the fiscal year which ended in May 2014. Ruby Tuesday is currently paying $8.98 per square foot rent. Should the tenant vacate, the attractive improvements revert to the landlord who can re-tenant the property at a substantially higher rent. Ruby Tuesday is an outparcel to Cobb Corners, a 406,822 square foot shopping center at the intersection of Benvenue Road and Jeffreys Road, with convenient access from both roadways.
Former Family Dollar Store, free standing building
Price Upon Req.99,479 SF
Starting Bid $900,000 Bid Deposit $25,000 Auction Starts03/24/2015 Auction Ends03/26/2015Please contact the listing broker to schedule a property tourAuction.com and Brown Investment Properties, Inc., are pleased to present the opportunity to acquire Oakwood Shopping Center, located in Rocky Mount, NC. Oakwood Shopping Center is a 102,922-square-foot retail center situated on 11.86 +/- acres and anchored by Food Lion (NYSE: DEG). Other tenants in the center include Maxway, Rent-A-Center, Golden China, Pizza Inn (outparcel), and H&R Block. Three improved outparcels to the center are also included in this offering. Many factors make investment in Oakwood Shopping Center a desirable proposition, including:- Oakwood Shopping Center is centrally located and one of the few centers serving the eastern Rocky Mount retail submarket.- Food Lion is the dominant grocer in the Rocky Mount trade area.- A 10-year lease renewal has been negotiated with Food Lion and will be fully executed by the auction date. Lease renewal requires the successful bidder to re-roof the Food Lion space and perform specified paving and striping in the Food Lion parking lot. See additional information con
Approximately 10,935 SF restaurant on 2.2 acres at 1450 Benvenue, Former Ryan's Buffet Restaurant and now Hibachi Sushi N Supreme Buffet.
Former Pizza Hut building located on a high traffic corner lot. Pizza Hut has moved to a new location just down the street. Building is on fair condition but can be remodeled to fit any approved use. It can be removed for new construction. Owner will discuss sale, lease or new build to suit.
A prime location! 63 car parking on site. Signage is available on the front of the building facing North Wesleyan Boulevard and side of the building facing the road that leads to a Sam's Club big box retail store. Signage is also available on the pole/monument sign on North Wesleyan Boulevard. Our preference is to sell the property but will consider leasing and the rendering I have attached shows what the building could look like. If we deliver a vanilla shell, as per attached rendering, the rental rate would be $20.00 per square foot per year triple net.
Free Standing Family Dollar Store. Standard prototype construction with architectural exterior upgrade. 1.25 + acres with two ingress / egress points. Strong location. Easement with access through the corner property.
The subject property is a 13,776 square foot Rite Aid located in Rocky Mount, North Carolina, which is approximately 50 miles east of the capital city of Raleigh. Rite Aid signed a corporate-backed 20-year absolute NNN lease which commenced in May of 2008, leaving approximately 13.25 years remaining on the initial lease term. The lease provides a ten percent rent increase in year 11 and includes eight, five-year renewal options, with ten percent rent increases in the option periods.