For Sale
$3,000,000

819 Tiffany Blvd Rocky Mount, NC 27804

High-yield NNN medical office building.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 10,738 square foot, single-story medical office building in Rocky Mount, NC, presents a compelling investment opportunity. Located at 819 Tiffany Blvd, this Class C property, built in 2001, sits on a 1.58-acre lot (APN 044640) and is zoned X. Currently multi-tenant, the property boasts a strong net operating income (NOI) of $180,284, generating a 6.01% cap rate at an asking price of $3,000,000 ($279.38/sq ft). The lease structure is NNN, with key tenants including Eyecare Associates (three years remaining on their lease, billed separately for TICAM) and Monarch Health (five-year lease renewal, modified gross, no tax/insurance obligations). The property's annual rent totals $193,584 ($16,132 monthly), with annual operating costs (including taxes) of $13,300. An additional approximately 900 square feet of space is available as a cold dark shell, offering significant value-add potential for future expansion and increased revenue. This property offers a stable income stream with a strong tenant base and the potential for significant future growth.

Highlights

  • Prime location with high visibility.
  • Strong current rental income stream.
  • Excellent financial performance and positive cash flow.
  • High return on investment (ROI).
  • Significant potential for value enhancement through renovations or repositioning.

Property Details for 819 Tiffany Blvd

Property type
Office properties, Medical offices
Square Feet
10,738 SF
Class
C
Year Built
2001
Stories
1
Lot Size (sq. ft)
68,825 SF

Location Insight

City
Rocky Mount
County
Nash
State
North Carolina
Latitude
35.9765108
Longitude
-77.8029085

FAQs

What type of property is this?
Office property - High-yield NNN medical office building.
Where is the office property located?
The property is located at 819 Tiffany Blvd Rocky Mount, NC.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Prime location with high visibility.; Strong current rental income stream.; Excellent financial performance and positive cash flow.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
819 Tiffany Blvd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message