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Price Upon Req.55,113 SF
Property tours will be available on Thursday, August 6th, by appointment only. Contact the listing broker to schedule an appointment.Auction.com and Cushman & Wakefield Thalhimer are pleased to present the opportunity to acquire Rivers Edge Shopping Center, a 55,113 square foot retail center located in Rocky Mount, NC. The grocery anchored shopping center, currently 77% leased, is anchored by a 35,960 square foot Food Lion grocery whose lease runs through December of 2020. Food Lion (S&P: BBB-) is a North Carolina based grocer with over 1,100 store locations in the Southeast and Mid-Atlantic regions. The additional two (2) in-line tenants lease and occupy a total of 6,400 SF or 12% of the gross leasable area. The in-line tenants are locally owned restaurant/bar businesses. This grocery anchored community shopping center was constructed in 1984 (renovated in 2000) on 8.59 acres along the highly traveled corridor of Wesley Blvd (NC By-Pass 301) and Bethlehem Rd. in close proximity to Rocky Mount High School. The center benefits from a dense population in the surrounding area with approximately 4,500 people in the 1-mile radius and over 32,000 people within a 3-mile radius.
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.
Rite Aid corporate guaranteed absolute NNN lease, 13 years remaining on initial term. New 13,776 sq. ft., building completed in May 2008. It is situated on a signalized hard corner location, 2.01 acres. Rite Aid has eight, 5-year options to renew, initial 4 options include a rent increase of 10% , final 4 options at FMV. Average annual rent for the remaining 13 years of the lease term is $137,415. Rite Aid Incorporated 1968 operates over 4600 locations throughout the United States and is traded on the New York Stock Exchange with symbol "RAD". Rite Aid has annual revenues of in excess of $25.5billion. Rite Aid stock has increased in value nearly 450% in the past two years.
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.
Approximately 10,935 SF restaurant on 2.2 acres at 1450 Benvenue, Former Ryan's Buffet Restaurant and now Hibachi Sushi N Supreme Buffet.
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.