Firm Overview Listings Shopping Centers Single-Tenant 1301 Exchanges
Rob Carter
704.379.1982 Office
704.379.1988 Fax
carter@berkeleycap.com
Alex Quarrier
704.714.2365 Office
704.379.1988 Fax
quarrier@berkeleycap.com
David Webb
704.379.1967 Office
704.379.1988 Fax
webb@berkeleycap.com
   
Towne Centre Kmart

OFFERING SUMMARY

Berkeley Capital is pleased to present this net leased offering that includes a 91,226 square-foot Big Kmart in Rocky Mount, North Carolina. The subject property is situated on the end cap of a 198,000 square-foot retail center anchored by Big Kmart and Citi Trends. This offering provides an excellent low price per square foot opportunity.

SUBMARKET OVERVIEW

Rocky Mount is situated at the juncture of two major highways, I-95 and US Hwy 64; and is positioned as the regional retail center of Northeastern North Carolina serving a 300,000 population base and attracting businesses that draw from a 34-40 mile radius.

In addition the area is home to the Southeast's rail transportation system's regional hub, all creating opportunity for commerce and economic impact on the area. Rocky Mount is located just east of the metropolitan triangle area and State Capitol strategically positioning the area as the Gateway to the Eastern Seaboard.

 

DEMOGRAPHICS
   
  1 Mile 3 Mile 5 Mile  
2016 Population Projection 2,196 38,004 64,413  
2011 Estimate 2,101 35,570 63,836  
Growth 2000 - 2011 14.75% 3.88% 3.61%  
2011 Est. Average HH Income $46,736 $50,148 $50,521  
 
Profiles
  Map/Directions
Name: Towne Centre Kmart
Address: 720 Sutters Creek Blvd
Market: Rocky Mount, NC
Size: 91,226 SF
Year Delivered: 1981
Land Size: +/- 9.86 Acres
Parking Spaces: 250
Debt: Free and Clear
   
Anchor Tenants Lease Expiration Square Feet
Big Kmart 7/31/2017 91,226
   
NET OPERATING INCOME $479,479
   
CAP RATE -
   
OFFERING PRICE $3,500,000
©2006 Berkeley Capital Advisors - 831 East Morehead, Suite 650 // Charlotte, South Carolina 28202 // 704-379-1980
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