Crossroads Shopping Center- Andrews Ave, Henderson, NC

939-946 W Andrews Ave, Henderson, NC 27536

Property Info

Zetabid is pleased to present this 98% leased retail/business park for sale via sealed bid auction. 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 $1,045,000 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).

  • City : Henderson
  • State : NC
  • Zip Code : 27536
  • Property Type : Retail
  • Square Feet : 164480
  • Lot Size : 18.4 Acres
  • Year Built : 1987
  • Acutal Current Gross Income : $1,045,000
  • Effective Gross Income : $1,019,000
  • Expenses : $415,000
  • Net Operating Income : $602,000
  • Cap Rate : 8.9%
  • % Occupied : 98%
  • Year Built : 1986-2005
Status:Active
Starting Bid: $6,750,000
Auction Start: 12/10/2018 9:00 am
Auction End: 12/13/2018 4:00 pm
  • Time Zone :EST
  • Bids Received :2
  • Current High Bid :USD 350,000,000.00
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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