DEALS

Deals

Rockingham Square – Madison, NC

THE OPPORTUNITY

  • The 33,451 square feet of existing vacancy provides significant upside for an investor.
  • The floor plans of the vacant units present layout flexibility for a wide range of businesses.
  • Average rents at $3.93psf are well below market rates.
  • An investor will potentially have the ability to grow the NOI by creating an outparcel(s) in the parking lot.

THE DEAL POINTS

  • Square Feet: 76,256
  • Occupancy: 56%
  • NOI: $131,000
  • Asking Price: $1,454,000
  • Cap Rate: 9.01%

THE HIGHLIGHTS

  • Rockingham Square is located on the primary retail corridor within the Madison Market.
  • Existing tenants are made up of a combination of non-profits and ecommerce proof businesses.
  • The average occupancy at Rockingham Square is 6.8 years.

Rockingham Square Virtual Deal Room