For Sale
$2,500,000

685 Tripple Creek RdRocky Mount, VA 24151

7.3% Cap Rate, 77K SF Warehouse

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional net-leased industrial investment opportunity in Rocky Mount, Virginia, presents a secure, income-producing asset with significant potential. The property, located at 685 Tripple Creek Road, comprises a 77,192-square-foot, single-story Class A distribution warehouse situated on an 11.4-acre lot. Boasting 893 feet of frontage on US Route 220 and 150 feet on Tripple Creek Road, the property benefits from excellent visibility and accessibility. Currently 100% occupied by Liquid Performance under a net lease expiring July 31, 2029 (4.7 years remaining), this investment offers a stable income stream with built-in rent bumps. The property's M1 zoning allows for light industrial use and presents opportunities for future development. Built in 1970, the building offers a strong net operating income (NOI) of $182,522, resulting in a compelling 7.30% capitalization rate at an asking price of $2,500,000 ($32.39/sq ft). This represents a rare opportunity to acquire a well-located, fully leased industrial asset with a strong tenant and considerable long-term potential. The property's location provides convenient access to major transportation routes, placing it within a one-day drive of two-thirds of the US population.

Highlights

  • Net-leased industrial investment opportunity in Rocky Mount, VA.
  • 77,192 SF light industrial building on 11.4 acres, fully leased to Liquid Performance.
  • Excellent location with 893 feet of frontage on US Route 220.
  • Fully leased to Liquid Performance through July 2029 (4.7 years remaining).
  • M-1 Light Industrial zoning; potential for future development.

Property Details for 685 Tripple Creek Rd

Property type
Warehouses, Industrial properties
Square Feet
77,192 SF
Class
A
Year Built
1970
Buildings
1
Stories
1
Lot Size (sq. ft)
496,584 SF

Location Insight

City
Rocky Mount
County
Franklin
State
Virginia
Latitude
36.9717608
Longitude
-79.8711282
685 Tripple Creek Rd, Rocky Mount, Virginia

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685 Tripple Creek Rd
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