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Walnut Shopping Center 601-729 Walnut St 800 - 11,070 SF of Retail Space Available in Rocky Mount, NC 27803
HIGHLIGHTS
- Can be accessed by 2 city streets
- Obtained new roof in 2019
- Shopping center is well known across the city of Rocky Mount
- Surrounded by commercial and residential neighbors
- About a 5 min drive from local train station
- Units are in excellent condition
SPACE AVAILABILITY (5)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 601 | 6,350 SF | 3 Years | $9.77 CAD/SF/YR $0.81 CAD/SF/MO $62,049 CAD/YR $5,171 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 713 | 1,600 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $26,802 CAD/YR $2,233 CAD/MO | Modified Gross | ||
| 1st Floor, Ste 719 | 960 SF | Negotiable | $12.56 CAD/SF/YR $1.05 CAD/SF/MO $12,061 CAD/YR $1,005 CAD/MO | Triple Net (NNN) | ||
| 1st Floor, Ste 727 | 1,360 SF | Negotiable | $9.42 CAD/SF/YR $0.79 CAD/SF/MO $12,815 CAD/YR $1,068 CAD/MO | Modified Gross | ||
| 1st Floor, Ste 729 | 800 SF | Negotiable | $16.75 CAD/SF/YR $1.40 CAD/SF/MO $13,401 CAD/YR $1,117 CAD/MO | Modified Gross |
601-729 Walnut St - 1st Floor - Ste 601
Former furniture store.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
601-729 Walnut St - 1st Floor - Ste 713
Unit recently received a new bathroom, sink, HVAC, hot water heater, and backdoor. Unit is mostly open floor with a small storage area.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- After Hours HVAC Available
- Wheelchair Accessible
601-729 Walnut St - 1st Floor - Ste 719
Last operated and built out as a hair salon. Open floor unit with 1 bathroom and 1 back entrance. HVAC and hot water heater are in excellent condition. Unit also has an additional sink.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Private Restrooms
- After Hours HVAC Available
- Open floor unit
- Includes 1 bathroom
- Includes 1 back entrance
- HVAC and hot Water heater in excellent condition
- Includes an additional sink
- Built out as hair salon
601-729 Walnut St - 1st Floor - Ste 727
Includes 2 rooms, 2 private bathrooms, 1 storage room, 1 back door entrance and new flooring. Unit offers a large amount of privacy. Hvac is no more than 2 years old.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- Corner Space
- After Hours HVAC Available
- Hardwood Floors
- Includes 2 private bathrooms
- Includes 2 rooms and 1 storage room
- Includes 1 backdoor entrance
- Includes new flooring
- Unit offers a large amount or privacy
601-729 Walnut St - 1st Floor - Ste 729
Unit received new HVAC, hot water heater, backdoor in 2021. Unit is mostly open floor with 1 bathroom, 1 small closest, and 1 backdoor entrance. Space offers great visibility.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as Standard Retail Space
- Highly Desirable End Cap Space
- Space is in Excellent Condition
- Central Air Conditioning
- Private Restrooms
- Corner Space
- After Hours HVAC Available
- Wheelchair Accessible
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 11,070 SF | Frontage | |
| Center Type | Strip Center | Gross Leasable Area | 22,990 SF |
| Parking | 75 Spaces | Total Land Area | 1.54 AC |
| Stores | 15 | Year Built | 1954 |
| Center Properties | 1 |
| Total Space Available | 11,070 SF |
| Center Type | Strip Center |
| Parking | 75 Spaces |
| Stores | 15 |
| Center Properties | 1 |
| Frontage | |
| Gross Leasable Area | 22,990 SF |
| Total Land Area | 1.54 AC |
| Year Built | 1954 |
ABOUT THE PROPERTY
Located in Rocky Mount, this historic shopping center is currently looking for new tenants. The present owner obtained the property in September 2020 and has repaved the parking lot and repaired the center's main sign. The building was built in 1954 and obtained a new roof in 2019 along with a few renovated units. The property has a lot of neighboring residential properties on one side and commercial on the other. The neighboring commercial properties include national chains such as Dollar Tree and Piggly Wiggly. Don't miss your chance to be part of a future renovated shopping center that will contain over 10 tenants and that is surrounded by multiple retail and residential locations.
- 24 Hour Access
- Dedicated Turn Lane
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
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Walnut Shopping Center | 601-729 Walnut St
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