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809 & 819 Tiffany Blvd - Eye Care & Monarch 809-819 Tiffany Blvd 10,738 SF 100% Leased Retail Building Rocky Mount, NC 27804 $3,734,500 CAD ($347.78 CAD/SF) 7.05% Cap Rate
Investment Highlights
- Immediate Cash Flow: Stabilized asset delivering a strong 7.0% cap rate with $194,012 NOI in place
- Prime Core Location: Positioned in the economic heart of Rocky Mount, ensuring long-term tenant demand
- Defensive Investment: Essential-service tenants provide durability through market cycles
- National-Credit Tenancy: Anchored by Monarch and Eye Care, both secured with fresh 5-year lease renewals
- Built-In Upside: 900 SF cold dark shell offers clear path for value-add and income growth
Executive Summary
Located in the economic core of Rocky Mount, this stabilized, high-performing retail asset is backed by national-credit tenants Monarch and Eye Care, both secured with fresh 5-year lease renewals. Offered at a compelling 7.0% cap rate with an NOI of $194,012, this $2.75M investment delivers immediate, reliable cash flow and strong in-place performance from day one.
The upside is undeniable, featuring a 900 SF cold dark shell positioned for value-add and income expansion. Opportunities combining stability, yield, and built-in growth are increasingly scarce, this is a decisive acquisition for investors seeking both security and aggressive return potential in a proven market.
The upside is undeniable, featuring a 900 SF cold dark shell positioned for value-add and income expansion. Opportunities combining stability, yield, and built-in growth are increasingly scarce, this is a decisive acquisition for investors seeking both security and aggressive return potential in a proven market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,738 SF
Building Class
B
Year Built
2001
Price
$3,734,500 CAD
Price Per SF
$347.78 CAD
Cap Rate
7.05%
NOI
$263,468 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.58 AC
Zoning
R6 - Residential
Parking
77 Spaces (7.93 Spaces per 1,000 SF Leased)
Frontage
191’ on Tiffany Blvd Blvd
Amenities
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 3851-18-42-1309 | Improvements Assessment | $1,491,238 CAD |
| Land Assessment | $439,297 CAD | Total Assessment | $1,930,535 CAD |
Property Taxes
Parcel Number
3851-18-42-1309
Land Assessment
$439,297 CAD
Improvements Assessment
$1,491,238 CAD
Total Assessment
$1,930,535 CAD
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809 & 819 Tiffany Blvd - Eye Care & Monarch | 809-819 Tiffany Blvd
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