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959 N Wesleyan BlvdRocky Mount, NC 27804
Murphy Oil | Raleigh MSA | 5.25% Cap
Asset ClassRetail
Cap Rate5.25%
Murphy Oil | Raleigh MSA | 5.25% Cap
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Murphy USA Ground Lease in Rocky Mount, NC. The Property has a 20 year ground lease to Murphy USA which commences in November 2024. The Asset is well positioned in a major retail hub of Rocky Mount (Raleigh, NC MSA), on a shopping center outparcel at a lighted intersection, and fronts the main commuter road N. Wesleyan Blvd.

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Investment Highlights

Located at a Lighted Intersection of Major Shopping Center

  • The Subject Site is located on an out parcel to Sutters Creek Plaza, a 210,842 SF Power Center, that is anchored by: Tractor supply and Big Lots
  • This Tractor Supply ranks in the 95th percentile in visits compared to all other Tractor Supply Co’s Nationwide

Investment Grade Tenant

  • Market Cap of over $10.45B
  • Has Over 1,700 locations
  • Corporate Lease with strong credit tenant

Positioned on Main Retail Corridor

  • Over 2.7MSF of retail space within a 1-mile radius (Target, Walmart, Lowes Home Improvement, TJ Maxx, McDonalds, Wendy’s, Cook Out) with 122K SF of absorption in the past 12 months
  • Approximately 400 multi-family units and 400 hotel rooms in a 1-mile radius

Attractive Lease Fundamentals

  • 8% rent increases every 5 years and during option periods
  • Absolute NNN Ground Lease providing no Landlord responsibilities
  • Four (4) - five (5) year option periods

Easily Accessible & Highly Visible Location

  • Fronting N. Wesleyan Blvd (37K VPD), the subject site is positioned on a hard corner of a lighted intersection providing seamless ingress & egress
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deal gallery image
959 N Wesleyan BlvdRocky Mount, NC 27804
Out-Parcel to Top Performing Tractor Supply

Sales Team

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Listing provided by Revere CRE