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Price Upon Req.102,922 SF
Property Tours will be available by request. Please contact the listing broker to schedule a property tour.Ten-X and Foundry Commercial are pleased to present the opportunity to acquire Oakwood Shopping Center, a 102,922 SF neighborhood retail center located in Rocky Mount, NC. This neighborhood retail center is anchored by a solid-performing Food Lion (S&P: BBB) grocer who recently exercised their option to renew, extending their lease into 2025. Food Lion is a North Carolina-based grocer with more than 1,100 locations in the Southeast and Mid-Atlantic. The opportunity offers the attraction of stability of a long-term credit lease with the value-add of vacancy lease-up and outparcel opportunities. Other co-tenants benefiting from this center's convenient access to dense residential with easy access and good visibility include Maxway (Variety Wholesalers, Inc.), Rent-A-Center, H & R Block and Pizza Inn (outparcel).
This is a long term NNN leased Rite Aid opportunity. The property is subject to a long term lease which began in 1999 and runs through 2026. The lease is flat in the initial term with a 15% bump in the first option, and 2.5% bumps in each subsequent option. There are four 5-year renewal options beyond the initial term. The property is well-situated on a major retail corridor surrounded by national retailers including Family Dollar, Piggly Wiggly, Dollar General, Hardees and Kangaroo Express.
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 present the exclusive listing for Red Lobster located at 1010 North Wesleyan Boulevard in Rocky Mount, North Carolina. The property is 8,356 square feet and is situated on approximately 1.72 acres of land. This Red Lobster is subject to a 25-year triple-net (NNN) lease, with roughly 23.75 years remaining on the lease. Current annual rent is $127,864. The rent is scheduled to increase by two percent annually, including through the four, five year tenant renewal options. Red Lobster is the largest seafood restaurant concept in the world and is an iconic full service brand with broad demographic appeal and significant advertising budget. Red Lobster is led by an experienced management team with a history of success leading the brand(average 27+ years experience across executive team). The company generates $2.5 billion in revenue and is the 5th largest causal dining concept in North America. Red Lobster was recently acquired by Golden Gate Capital.
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.
This unbranded property, right off of Rocky Mount's major highway US 301, is a great opportunity for anyone, but especially for someone with low start up funds. This C-store has been owner operated since 1981. The C-store is in proximity of several business, motels, and schools. At the same time, there are not very many fast food restaurants around allowing the grill to do a monthly average of $4,500.
Approximately 10,935 SF restaurant on 2.2 acres at 1450 Benvenue, Former Ryan's Buffet Restaurant and now Hibachi Sushi N Supreme Buffet.