1300 E Broad Ave | Rockingham, NC 28379
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1300 E Broad Ave
Rockingham, NC 28379
Auction - Lowe’s Shadow Center | 67% Occ. · Retail Property For Sale
Investment Highlights
- STARTING BID $300,000 | $83k NOI | AUCTION OCTOBER 17-19, 2022
- Current NOI of $83,256 | Stabilized NOI of $335,788 (Pro Forma at estimated market $6 PSF NNN)
- Lowe’s Adjacent to property has Operated at Location since 2000 and Recently Extended Lease 10 More Years
- 60,707 SF, Lowe’s Shadow Anchored Retail Center in Rockingham, NC
- Strong Tenant Lineup including Dollar General and Complemented by a Diverse Group of Service-Oriented Retailers
- Rare Value-Add Opportunity at 56% Occupancy with Below Market Rents and Immediate Upside via Lease Up of Remaining Vacancies
PROPERTY FACTS
Property Type
Retail
Building Size
60,707 SF
Building Class
C
Year Built
1970
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
10.16 AC
PROPERTY TAXES
| Parcel Number | 747210-46-6927 | Improvements Assessment | $1,915,580 |
| Land Assessment | $756,900 | Total Assessment | $2,672,480 |
PROPERTY TAXES
Parcel Number
747210-46-6927
Land Assessment
$756,900
Improvements Assessment
$1,915,580
Total Assessment
$2,672,480
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