Hwy 55 | Roanoke Rapids, NC | 301 Premier Blvd
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Hwy 55 | Roanoke Rapids, NC 301 Premier Blvd
2,405 SF Retail Building Roanoke Rapids, NC 27870 $2,249,814 ($935/SF) 7% Cap Rate
Executive Summary
Absolute NNN Lease -
Long-term absolute NNN lease with zero landlord responsibilities. Investors will appreciate the rent bumps, over 17 years of term remaining, and two 10-year options.
Solid Placer.ai Ranking -
This location ranks within the 99th percentile nationally based on visits according to Placer.ai.
Prime Retail Location -
Strategically located in the middle of a dense retail area with many national tenants including Walmart, Dollar Tree, Belk, Hibbet Sports, Dunham's, Chick-fil-A, Starbucks, and many others.
New Build with Drive-Thru -
This Hwy 55 location was built in 2021 and has over an acre lot. The location features a drive-thru, ample parking, and great signage.
High-profile, Corner Location -
Property is strategically situated on a high-profile corner along Premier Boulevard with quick access to Interstate 95 and Highway 158. I-95 is the main north–south Interstate Highway on the East Coast, running through North Carolina and has traffic counts over 40K in Roanoke Rapids.
Regional Hub -
Roanoke Rapids is the largest city in the Roanoke Rapids Micropolitan Statistical Area and is an anchor city of the Rocky Mount-Wilson-Roanoke Rapids CSA. The city serves as a regional hub for retail, business, and healthcare.
Long-term absolute NNN lease with zero landlord responsibilities. Investors will appreciate the rent bumps, over 17 years of term remaining, and two 10-year options.
Solid Placer.ai Ranking -
This location ranks within the 99th percentile nationally based on visits according to Placer.ai.
Prime Retail Location -
Strategically located in the middle of a dense retail area with many national tenants including Walmart, Dollar Tree, Belk, Hibbet Sports, Dunham's, Chick-fil-A, Starbucks, and many others.
New Build with Drive-Thru -
This Hwy 55 location was built in 2021 and has over an acre lot. The location features a drive-thru, ample parking, and great signage.
High-profile, Corner Location -
Property is strategically situated on a high-profile corner along Premier Boulevard with quick access to Interstate 95 and Highway 158. I-95 is the main north–south Interstate Highway on the East Coast, running through North Carolina and has traffic counts over 40K in Roanoke Rapids.
Regional Hub -
Roanoke Rapids is the largest city in the Roanoke Rapids Micropolitan Statistical Area and is an anchor city of the Rocky Mount-Wilson-Roanoke Rapids CSA. The city serves as a regional hub for retail, business, and healthcare.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,405 SF
Building Class
B
Year Built
2021
Price
$2,249,814
Price Per SF
$935
Cap Rate
7%
NOI
$157,487
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.10 AC
Opportunity Zone
Yes
Zoning
RRB4
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 09-20053 | Improvements Assessment | $714,900 |
| Land Assessment | $494,520 | Total Assessment | $1,209,420 |
PROPERTY TAXES
Parcel Number
09-20053
Land Assessment
$494,520
Improvements Assessment
$714,900
Total Assessment
$1,209,420
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Hwy 55 | Roanoke Rapids, NC | 301 Premier Blvd
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