This property is leased to Family Dollar which has more than 5 years remaining. There are 6 extended terms of 5 years each after that. Each term 10% rent increase. The building has been built in 2018. Under NN lease. Landlord only needs to maintain the structures and the roof.
This .24+/- lot is included with an adjacent commercial property. The 2.75+/- acre commercial lot has high visibility, easy access, and substantial road frontage surrounding the property. The property is located in a heavily frequented area across from a Food Lion and Speedway Gas Station. There are two unused structures on the commercial property and public utilities, water, and sewer are available. The commercial property is ideal for restaurants, retail, and a number of other businesses.
Roanoke Rapids is located in North Carolina. Roanoke Rapids, North Carolina has a population of 15,294. Roanoke Rapids is more family-centric than the surrounding county with 17.47% of the households containing married families with children. The county average for households married with children is 16.81%.
The median household income in Roanoke Rapids, North Carolina is $43,704. The median household income for the surrounding county is $37,832 compared to the national median of $69,021. The median age of people living in Roanoke Rapids is 38.8 years.
The average high temperature in July is 89.5 degrees, with an average low temperature in January of 29.8 degrees. The average rainfall is approximately 45.8 inches per year, with 3.5 inches of snow per year.