2521 N Church St Industriel/Logistique 4 450 m² À vendre Rocky Mount, NC 27804 1 269 650 € (285,31 €/m²)

This property displays an opportunity for an investor to purchase with below market rents in place, currently on a NN lease paying $2.57 per SF annually. Market rate per SF of nearby similar facilities is approximately $3.50 - $4.00 annually with a NNN lease. Potential purchasers will be able to cash flow the property at a cap rate of 8.56% until the end of September, with full approval by the current tenant to publicly advertise this space for lease. Another potential use for the property would be sub-division, further increasing rent p/sf by leasing space to multiple short term tenants at higher rates.
Property is centrally located in the Rocky Mount-Wilson-Roanoke Rapids CSA, 7th largest metro area in NC. Within a ten-mile radius total population is +85,500, average household income of +$70,500, projected annual growth in population of +0.39% and boasting a total of 946 Million in total specified consumer spending annually. Considering current population statistics within a ten mile radius, as well as projected increases with overall economic activity this property will be a strong operating location for various services. Tenants will also be operating out of a location +/-50 minutes from the Raleigh-Durham and Greenville MSA's.