±4.29-Acre Multi-Tenant Neighborhood Retail Center | Value-Add Lease-Up of Former Dollar General Anchor | $650,000

Highlights:

• ±4.27-acre multi-tenant neighborhood retail center offered at $650,000 — value-add pricing well below replacement cost
• ±7,500 SF former Dollar General anchor vacant and available — the central lease-up opportunity for an incoming owner
• Two suites in place producing approximately $33,600 in annual gross rental income against approximately $17,000 in reported expenses
• Anchor space targeted at approximately $8.50–$13.50/SF NNN, representing approximately $63,750–$101,250 in potential additional base rent
• Sale and lease-up marketed concurrently — pricing will be reevaluated if a quality anchor tenant is secured first
• Frontage on N. Main Street with direct access to US 64; approximately 20 miles from Greenville and ECU Health

Description:

701 N. Main Street in Robersonville, North Carolina — a multi-tenant neighborhood retail center on approximately 4.27 acres, offered at $650,000 with immediate upside through the lease-up of a vacant former Dollar General anchor space.

Current Tenancy & Income

The center is improved with three retail suites. An approximately 3,000 SF event venue occupies one suite at $2,000 per month. An approximately 3,000 SF retail shop occupies a second suite at $800 per month. The approximately 7,500 SF anchor suite, formerly operated as a Dollar General, is vacant and available for lease.

In-place gross rental income is approximately $33,600 per year. Reported owner-paid expenses total approximately $17,000 per year, consisting of real estate taxes of approximately $10,000, insurance of approximately $5,000, and utilities of approximately $2,000. Buyers should independently verify all income and expense figures, and should underwrite for management, reserves, repairs, and any expense recoveries not reflected above. Lease abstracts and available operating records will be provided to qualified parties upon request.

The Value-Add Opportunity

The vacant approximately 7,500 SF anchor space is the core of the investment thesis. Ownership and the listing team are actively marketing the suite for lease at a target of approximately $13.50 per square foot NNN, subject to tenant, credit, term, and overall deal structure. The suite would contribute approximately $101,250 in additional annual base rent. These are illustrative projections based on the stated asking amount, not guarantees of future performance, and no representation is made that the space will lease at any particular rate or within any particular time frame.

A purchaser acquiring the property today does so at a value-add basis, well below replacement cost, with the ability to capture the full spread from stabilization. Alternatively, buyers who prefer stabilized income may benefit from lease-up progress achieved during the marketing period.

Sale and Lease-Up Are Being Pursued Simultaneously

Ownership is marketing the property for sale and the anchor suite for lease at the same time. If a quality tenant is secured before the property trades, the asking price will be reevaluated based on the additional net operating income and the terms of the executed lease. Investors interested in the current value-add basis are encouraged to move promptly.

Recorded Restrictive Covenant

A recorded restrictive covenant associated with the former Dollar General runs with the property. It prohibits a number of competing retail concepts — including but not limited to Family Dollar, Dollar Tree, Aldi, Lidl, Big Lots, Walgreens, CVS, Rite Aid, and Walmart concepts — for so long as the benefiting Dollar General continues to operate under the applicable lease. A copy of the recorded instrument is available upon request. All prospective purchasers and tenants should review the covenant in full with their own legal counsel and confirm that any intended use is permitted.

Location

Robersonville sits in Martin County in North Carolina's northeastern coastal plain. The property fronts N. Main Street, the town's primary north–south commercial corridor, with direct access north to US Highway 64. NC Highway 903 connects the town approximately 10 miles east to Williamston, approximately 8 miles north to Hamilton, and roughly 20 miles southwest to Greenville — the region's medical, retail, and university hub, home to East Carolina University and ECU Health Medical Center. Interstate 95 is reachable in roughly 40 minutes, and Raleigh is approximately 86 miles away. The property serves an established rural trade area with limited competing neighborhood retail inventory.

All information is from sources deemed reliable but is not guaranteed. Square footages, acreage, income, expenses, and all other data are approximate and subject to verification. Prospective purchasers and tenants should conduct their own due diligence.