28 Whites Crossing Plaza - Retail FOR SALE


Whiteville, NC 28472
$250,000 USD
305-206-1286
28 Whites Crossing Plaza, Whiteville, NC for Sale
$250,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

28 Whites Crossing Plaza
Whiteville, NC 28472


HIGHLIGHTS

  • STARTING BID $250,000 | Tractor Supply + Former Big Lots | 39% Occupied | 8+ Yrs Lease Remaining | AUCTION OCTOBER 19-21
  • Income-Producing Tractor Supply Tenancy - 2-Tenant Retail with Tractor Supply (8+ Yrs Lease Remain) & Former Big Lots | $103K In-Place Rent
  • Expansive ±7.38-Acre Retail Site with Upside - 336 spaces, multiple access points, and potential outparcel development create additional value.
  • Established Regional Shopping Destination - Walmart, Lowe’s, Food Lion, Harbor Freight, Belk, and Five Below generate steady consumer traffic.
  • ±40,100 SF Immediate Lease-Up Opportunity - Former Big Lots suite offers flexible buildout for fitness, furniture, showroom, or specialty users.
  • High-Traffic US-701 Commercial Corridor - Visibility reaches ±18,100 VPD on the bypass plus ±2,389 VPD along Love Mill Road.

OVERVIEW

Brokered by Marcus & Millichap, 26 Whites Crossing Plaza in Whiteville, North Carolina is a ±65,930 SF two-tenant retail asset on ±7.381 acres offered significantly below replacement cost, creating an exceptional opportunity for investors and owner-users to acquire a highly visible retail asset with existing cash flow and substantial lease-up and value-add potential at an attractive basis. The Property is ±39.18% occupied by Tractor Supply, which leases ±25,830 SF and provides more than $103,000 in in-place base rent, while the former Big Lots space offers ±40,100 SF of immediate lease-up potential. Built in 1988, the site includes 336 parking spaces, prominent signage, multiple access points, and visibility along US-701 Bypass and Love Mill Road, with combined traffic of approximately 20,489 VPD. The vacant suite features a large open sales floor and second-generation retail improvements suited for fitness, entertainment, furniture, showroom, service, or specialty concepts. Additional upside may be available through potential outparcel development. B-3, General Business zoning, supports a broad range of retail, commercial, and service uses, while nearby Walmart, Lowe’s, Food Lion, Harbor Freight, and other national retailers reinforce the corridor’s established draw.

FOR SALE DETAILS

PRICE

$250,000 USD

PRICE/SF

$4 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Auction-REIT Sale | Tractor Supply + Big Lots

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.38 AC

LAND SF

321,473 SF

ZONING

C

APN/PARCEL ID

0063462

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.