651 N Winstead Ave

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651 N Winstead Ave

Rocky Mount, NC 27804
Asking Price
$15.00M
Asset Type
Retail
Class
Class B

What's Special

651 N Winstead Ave is situated in a primary commercial corridor of Rocky Mount, North Carolina, characterized by a high density of medical offices, retail centers, and residential neighborhoods. The property is located near the Nash UNC Health Care campus, providing significant daily traffic and visibility. Nearby amenities include various national dining chains, financial institutions, and the Gateway Plaza shopping center. The location offers convenient transportation access, positioned less than two miles from the Interstate 95 and US-64 interchange, allowing for regional connectivity across the Twin Counties area. The property is well-suited for diverse retail use cases, including specialty boutiques, service-oriented businesses, or satellite medical clinics. Its proximity to established healthcare facilities makes it an ideal fit for tenants such as pharmacies, diagnostic labs, or physical therapy offices. Additionally, the surrounding residential density supports consumer-facing businesses like high-end cafes or professional service firms. The typical tenant profile includes local or regional operators looking for a central location with stable neighboring anchors and consistent vehicle counts along a major arterial thoroughfare.

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NOI
$80,000
Cap Rate
0.53%
DSCR
0.09
Underwater
Cash-on-Cash
-18.01%
Monthly Payment
$74,211.816
Annual Cash Flow
$-810,541.789

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