Andrew Margulies (Lead)
Senior Managing Director | Investments
Andrew.Margulies@marcusmillichap.com
NC: 264059, IL: 475147606
Harrison Creason
Managing Director | Investments
Harrison.Creason@marcusmillichap.com
SC: 91161, NC: LC1015
Oakwood Shopping Center
Rocky Mount, NC
- List Price $7,110,000
- Total GLA 103,012 SF
- Year Built 1975
Investment Highlights
- Food Lion Anchored Retail Center | Infill Position | WALT: 3.6 Years | 3% CAGR
- Mark-to-Market Leasing Potential: 38-Percent of leased square footage has no renewal options
- 90-Percent Occupancy | Three (3) Vacancies for Immediate Upside | Average GLA for Each Vacant Suite: 3,126 Square Feet
- 50-Percent of Gross Income from National/Regional Brands: Food Lion, Citi Trends, Octopharma Plasma, Rent-A-Center
- Includes Four (4) Freestanding Outparcel Buildings with Drive Thru’s
- Strong Anchor Sales | Recent Capital Improvements
- Within 1.5 Miles of Downtown Rocky Mount | Walkable to Adjacent Neighborhoods
- Downtown Rocky Mount Has +/- $30 Million in Active Capital Investments