701 N Main, Robersonville, NC 27871
- $650,000
- List Price
- $650,000
- Status
- ACTIVE
- MLS#
- 100595932
- Days on Market
- 0
- Year Built
- 2003
- Acres
- 4.29
- Neighborhood
- Not In Subdivision
Property Description
Multi-tenant neighborhood retail center on approximately 4.27 acres, offered at $650,000 with immediate value-add upside. Three suites: an approximately 3,000 SF event venue at $2,000/month, an approximately 3,000 SF retail shop at $800/month, and an approximately 7,500 SF former Dollar General anchor that is vacant and available for lease. In-place gross rental income is approximately $33,600 annually. Reported owner expenses total approximately $17,000 annually -- taxes approximately $10,000, insurance approximately $5,000, utilities approximately $2,000. The vacant anchor is being marketed at approximately $8.50-$13.50/SF NNN, which would represent roughly $63,750 to $101,250 in additional annual base rent if leased within that range. Projections are illustrative only. Sale and lease-up are being pursued simultaneously. A recorded restrictive covenant tied to the former Dollar General prohibits certain competing concepts, including Family Dollar, Dollar Tree, Aldi, Lidl, Big Lots, Walgreens, CVS, Rite Aid, and Walmart concepts, while the benefiting Dollar General continues operating under the applicable lease. Frontage on N. Main Street with direct access to US 64. Approximately 20 miles from Greenville. All figures approximate and subject to buyer verification. *MORE PHOTOS COMING SOON*
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Additional Information
- Cooling
- Central Air
- Heating
- Electric, Forced Air
- Lot Information
- Other
Mortgage Calculator
Listing courtesy of Keller Williams Realty Points East.
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