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Price Upon Req.99,479 SF
Starting Bid $900,000 Bid Deposit $25,000 Auction Starts11/03/2014 Auction Ends11/05/2014 Property tours will be held by appointment only. Please contact either Jim Davis at 336-541-5517, or Vince Howard at 336-369-5971, to schedule a tour or with any questions.Auction.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 L
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.
Marcus & Millichap is pleased to offer a 1.12 +/ acre ground lease with a 4,211 square foot Chick fil A located at 1332 Jeffreys Road in Rocky Mount, Nash County, NC 27804. This Chick fil A is strategically located on an outpad to Cobb Corners, a 406,822 square foot shopping center anchored by a 203,750 square foot Walmart Supercenter with convenience access from Benvenue Road and Jeffreys Road. The subject property is located at the main access point for the Walmart.
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.
Marcus & Millichap is pleased to offer this Wendy's property with an absolute net 20-Year lease with zero landlord responsibilities. In July of 2014, NPC signed a brand new lease which includes 10 percent rent increases every five years with four five year options. The lease is absolute-net in nature, with no landlord responsibilities. In 2013, NPC diversified their holdings and NPC' s wholly owned subsidiary, NPC Quality Burgers, Inc. became a franchisee of the Wendy' s brand. NPC currently operates over 1,250 Pizza Hut units in 28 states and over 140 Wendy' s units in five states. The Wendy's Company is a quick-service restaurant company in the hamburger sandwich segment. Wendy's is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. As of December 30, 2012, there were 6,186 Wendy's restaurants in operation in North America.
This offering is for a .47 acre ground lease under a 4,996 square foot Ruby Tuesday in Rocky Mount, North Carolina. There are currently 5 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 $1.25 billion in sales for the fiscal year which ended in May 2013.
This offering is for a .67 acre ground lease under a 2,520 square foot Taco Bell in Rocky Mount, North Carolina. Taco Bell has operated at this proven location since 2000. There are 6 years remaining on the ground lease and four 5-year options with 10 percent rental increases every five years. The next increase will occur in 2015. The absolute net lease, with no landlord responsibilities, is guaranteed by Coastal Plains Restaurants, LLC., a franchisee with a portfolio which includes 30 restaurants, primarily in the Carolinas. Coastal Plains Restaurants, LLC is included in Chain Store Guide's Top 50 Fastest Growing Restaurant Operators. Taco Bell is the unchallenged leader in Mexican fast food with 2013 sales of $11.07 Billion.
" Concept: Arby' s Restaurant Group, whose majority stake is owned by Roark Capital Group, is a leading international quick-service restaurant franchiser and operator with more than 3,700 locations across 48 states in North America (3,400 restaurants), Canada, Turkey, United Arab Emirates, and Qatar. The company generates more than $3 billion in annual revenues from its North American operations. " Tenant: The Tenant is Focus Ten of Raleigh, Inc., and the Lease is jointly guaranteed by Focus Ten of Florida, Inc., and Focus Ten of Greensboro, LLC. Combined, the guarantors generate annual revenues of more than $13.7 million. " Market: Rocky Mount, North Carolina, located just 45 minutes east of Downtown Raleigh, is the principal city of the Rocky Mount Wilson CSA which has a current population of more than 200,000. The city itself is currently home to 57,477 residents and encompasses all of both Edgecombe and Nash counties. " Location: Located just off of Wesleyan Boulevard, one of the area' s preeminent arteries, just north of its intersection with US-64 (Traffic Count: 28,662 VPD), which provides direct access to Raleigh.