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Investment Highlights

  • Double drive-thru and 62 parking spaces
  • Located near signalized intersection
  • Tenant willing to buyout lease

Executive Summary

Freestanding, former Walgreens located along East Raleigh Boulevard, one of Rocky Mount’s primary commercial corridors, this highly visible freestanding property benefits from strong local traffic and convenient access to downtown Rocky Mount, US Highway 64, and Interstate 95. Positioned near the signalized intersection of E. Raleigh Boulevard and N. Fairview Road, the site serves a well-established trade area and offers excellent accessibility for retail, medical, service, or restaurant users.
14,217 SF on 1.67 Acres
Freestanding, former Walgreens located near signalized intersection
Built in 2004
Double drive-thru and 62 parking spaces
All brick construction, prominent visibility
NOI $124,375 through 5/31/2028
Tenant willing to buyout lease

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,217 SF
Building Class
B
Year Built
2003
Price
$1,799,889 CAD
Price Per SF
$126.60 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
1.67 AC
Zoning
B2CD - Business
Parking
62 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
265’ on N Fairview Rd

Amenities

  • Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100

Nearby Major Retailers

Food Lion
PNC Bank
Rent-A-Center
Checkers

Property Taxes

Property Taxes

Parcel Number
3860-20-1611-00
Land Assessment
$548,092 CAD
Improvements Assessment
$1,791,364 CAD
Total Assessment
$2,339,457 CAD
  • Listing ID: 40776078

  • Date on Market: 2026-06-03

  • Last Updated:

  • Address: 1123 N Raleigh St, Rocky Mount, NC 27801

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