2521 N Church Street

Rocky Mount, NC 27804

Industrial Investment Opportunity in Rocky Mount, NC. COECO Office Systems, Inc currently occupies the majority of the space within the building, allowing for additional income to be added in the remaining 12, 500 SQ FT heated Warehouse space. • CAP Rate - 7 percent • Value Add: Additional 12, 500 square feet of conditioned warehouse space with a lay-down yard is also available for lease, providing the opportunity for even more revenue. Potential total NOI Projections = $155, 250 • Close proximity to CSX Carolina Connector Lease Terms: * Base Rent = $4, 687.50 monthly/$56, 250 annual * NNN $1 prorated = $1, 041.66 monthly / $12, 500 annual * 2 - 10 YR Term * 3% Annual Escalations * Electrical service: at the main distribution panel (MDP) is rated at 800 amps, three-phase, four-wire, 120/208 volts, alternating current feeding circuit breaker panels.

Listing courtesy of Marguerite Greene of Century 21 Triangle Group



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Data last updated: 2024-05-13 12:35 AM UTC