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290 Old Franklin Tpke
Rocky Mount, VA 24151

$5,821,622 USD

Drugstore For Sale  •  14,550 SF

Property Details

• Property Type Drugstore
• Total Building Size 14,550 SF
• Lot Size 1.38 AC
• Building Class B
• Year Built 2010
• Cap Rate 9.25 %
• Tenancy Single
• Zoning GB

0 Transit Score

46 Walk Score

Highlights

The property benefits from a fully guaranteed lease with over 11 years remaining from an investment grade tenant with zero landlord responsibilities.

Rocky Mount is strategically located along the US-220 corridor in Franklin County, which provides easy access to major markets like Roanoke

Rocky Mount is surrounded by scenic landscapes, including Smith Mountain Lake and the Blue Ridge Mountains.

While historically reliant on agriculture and manufacturing, the economy has diversified into sectors like healthcare, education,

Ongoing and planned infrastructure projects, such as road improvements and broadband expansion, enhance connectivity and accessibility

Nearby institutions like University of Virginia, Virginia Tech & Ferrum College contribute to a skilled workforce and potential collaborations for res

Financial Summary

Cap Rate:

9.25 %

Amenities

• Pylon Sign
• Signalized Intersection
• Drive Thru
• Air Conditioning

Public Transportation

Airport	Drive	Walk	Distance
Roanoke Regional-Woodrum Field	42 min	-	29.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	43
Type:	Surface
Included in Rent:	Yes