This property has sold.

Details: Retail

Asking Price: $1,727,273

Square Feet: 6,000 SF

Asking Cap Rate: 5.50%

Year Built: 1992

NOI: $94,999

Lease Structure: Absolute NNN

SOLD – Advance Auto – Rocky Mount, VA

960 Tanyard Road, Rocky Mount, VA 24151


  • Brand New 10-year lease term, showing commitment to location after 30-year operating history
  • ​​Rare Mid-Term Increases of 5.26% in Year 6 and 10% in both option periods
  • ​Strong sales growth with healthy rent-to-sales ratio
  • ​Minimal Landlord Responsibilities
  • ​Corporate Lease via publicly traded company
  • ​NYSE: AAP – $15B market capitalization
  • ​Initial Term Until 12/31/2031
  • ​Grocery Outparcel


  • Outparcel to Food Lion and Rose’s shopping center.​ Each with strong sales and operating history since the mid-1980s
  • ​High occupancy levels in the immediate area with historical shop vacancies at <5%
  • ​Convenient access to US Route 220 which connects Rocky Mount with Roanoke and Greensboro, NC
  • ​Positive rent growth within the market of over 4%
  • ​Located at a signalized intersection with over 18,000 vehicles per day on Tanyard Rd
  • ​Tanyard Rd is the primary retail thoroughfare for the market, connecting homes, schools, and other retailers
  • ​Great visibility from Tanyard Rd with multiple points of ingress and egress
  • ​Franklin County High School next door, with 2,300 students

This property has sold.