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809 & 819 Tiffany Blvd - Eye Care & Monarch 809 Tiffany Blvd 10,738 SF 100% Leased Retail Building Rocky Mount, NC 27804 $3,737,828 CAD ($348.09 CAD/SF) 7.05% Cap Rate

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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.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
10,738 SF
Year Built
2001
Price
$3,737,828 CAD
Price Per SF
$348.09 CAD
Cap Rate
7.05%
NOI
$263,703 CAD
Percent Leased
100%
Building Height
1 Story
Building FAR
0.16
Lot Size
1.58 AC
Zoning
X

NEARBY MAJOR RETAILERS

PNC Bank
Buffalo Wild Wings
United Bank
Planet Fitness
Truist
Rent-A-Center
YMCA
Food Lion
Hwy 55 Burgers Shakes & Fries
Western Sizzlin
  • Listing ID: 39216696

  • Date on Market: 2026-01-26

  • Last Updated:

  • Address: 809 Tiffany Blvd, Rocky Mount, NC 27804

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