Under Contract

Sutter's Creek

760 Sutter's Creek Blvd, Rocky Mount, NC 27804

80,004 SF

Total GLA

100%

Occupancy

$414,545

Existing NOI

10.06 AC

Land Size

Property Overview

Overview

Sutter's Creek is a fully-occupied, 80,004 SF value-add shopping center in Rocky Mount, NC's primary retail corridor, surrounded by national anchors including Rural King, Target, Walmart, and Sam's Club. With Citi Trends currently paying below-market rent and an outparcel development opportunity, the asset offers a clear path to NOI growth.

Property Details

Property Highlights

Address	760 Sutter's Creek Blvd, Rocky Mount, NC 27804
Year Built	1996
Total GLA	80,004 SF
Total Land Size	±10.06 Acres
Occupancy	100%
Pro Forma NOI	$414,545
Financing	Free & Clear

Why This Deal

Investment Highlights

Prime Retail Corridor

Surrounded by national anchors including Rural King (adjacent), Target, Walmart, TJ Maxx, Lowe's, and Sam's Club, generating ~541K annual visits with a 31-minute average dwell time.

Below Market Rents

Citi Trends is currently paying below-market rent, providing an opportunity to capture rental rate upside upon rollover to a national credit tenant.

Regional Draw

Hobby Lobby serves as a dominant regional anchor, with approximately 45% of customers traveling over 10 miles and a 30-minute average dwell time.

Below Replacement Cost

Offered below replacement cost, allowing investors to acquire a stabilized retail asset at a discount to new development.

Outparcel Development Opportunity

Potential for an outparcel development to diversify income and attract QSR and service-oriented tenants.

Logistics Growth Catalyst

CSX's nearby $160 million Carolina Connector (CCX) intermodal terminal is expected to indirectly create over 1,300 jobs, supporting long-term regional demand.

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