Villas at Wesleyan — Sale in Rocky Mount, NC
- Price: $300
- Listing type: For sale
- Asset type: Multifamily Property
- Location: Rocky Mount, NC 27804
- Year built: 2020
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Description
Villas at Wesleyan presents investors with a stable, cash flowing, new construction student housing asset sitting adjacent to North Carolina Wesleyan University (NCWU) who has a master lease on 16 of the 22 units for another seven years. Given the close proximity to the University and newer vintage compared to on-campus offerings, the asset is highly attractive to students with the University having a stringent, GPA based selection process for students who want to live in the master leased units. The master lease also presents highly favorable terms with the University covering all costs except for taxes, insurance, and replacement of building systems. Beyond the proximity to NCWU, the asset is less than 10 minutes from Rocky Mount Mills, an adaptive reuse mixed-use project completed in 2019 and still seeing great new openings with three retailers opening since 2025. Rocky Mount is experiencing continued growth nearby Villas at Wesleyan with the city leading the charge with infrastructure investments already underway for a mixed-use mega site development at the corner of I-95 and US 64 less than 15 minutes away from Villas at Wesleyan. The site sits on 336 acres and is generating strong interest from regional developers especially considering the 90 million vehicles that drive by the site annually. Villas at Wesleyan offers strong, stable cash-flow as well as optionality in exit strategy with strong nearby home prices and recent developments further bolstering the desirability of the location.
Market Context
This multifamily in Rocky Mount, NC is listed for sale at $300. The building dates to 2020. Compare it against other multifamily listings for sale in Rocky Mount, NC — view the full market.
Contact
- Ryan Gavigan · 7049969183 · ryan.gavigan@jll.com
- Ben Bury · 7045262865 · ben.bury@jll.com
- John Mikels · 9199718262 · john.mikels@jll.com
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