Crossroads Shopping Center | Henderson, NC

Crossroads Shopping Center | Andrews Ave | Henderson, NC

939-946 W Andrews Ave, Henderson, NC 27536

Property Info

Zetabid is pleased to present this 100% leased retail/business park for sale. Crossroads Center is located on the I85 freeway at the Andrews Ave. exit and is approximately 45 minutes from the Raleigh/Durham market. The center contains a mix of long term local tenants in both retail and office units. Space is always in high demand as the center has the best location in Henderson with 32,000 cars per day traffic on I85, and 15,000 on Andrews. The center sits on two parcels of freeway adjacent land on both sides of Andrews Avenue. Current annual gross rent is $1,073,000 with expenses of $415,000. Many below market leases exist (self managed by long time owner retiring soon). A 21,000 square foot mini storage complex is located at the back of the property (with room for expansion).

Mix of local long term tenants in a retail/business park which enjoys historically high occupancy (100% currently). Freeway adjacent in bedroom community North of Raleigh/Durham.

  • City : Henderson
  • State : NC
  • Zip Code : 27536
  • Property Type : Retail
  • Square Feet : 164480
  • Lot Size : 18.4 Acres
  • Year Built : 1987
  • Current Annual Gross Rent (Based on Nov 2019 Rent Roll) : $1,072,698
  • 2018 Operating Expenses : $360,201
  • 2018 NOI (Actual Rents) : $671,867
  • Cap Rate (2018 NOI) : 10.17%
  • % Occupied : 100%
  • Year Built : 1986-2005
Status:Active
Starting Bid: $6,600,000
  • Buy Now Price :$6,600,000

    Important Information

    • Buyers Premium :2.5%
    • Broker Coop :1%
    • Financing :No
    • Inspection Contingency :Yes
    • Showings :By Appointment

    Auction Contact

    Broker Contact

    • Name :Jim Crawford
    • Firm :Crawford Properties
    • Phone :(252) 492-0185