115 Northcross Lane

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115 Northcross Lane

Statesville, NC 28625
Asking Price
$2.65M
Asset Type
Retail
Class
Class B

What's Special

115 Northcross Lane is situated in a primary commercial corridor of Statesville, North Carolina, just off East Broad Street. The property is positioned within a high-traffic retail cluster characterized by a mix of national big-box retailers, casual dining establishments, and professional service centers. It offers immediate access to Interstate 77 and is located less than two miles from the Interstate 40 interchange, providing regional connectivity to the broader Charlotte and Winston-Salem markets. The surrounding neighborhood serves as a central shopping destination for the local community and regional commuters. This retail asset is suited for high-visibility commercial uses, including multi-tenant strip centers, standalone showrooms, or quick-service restaurant concepts. The location aligns with the operational requirements of national franchises, regional retail chains, and medical office practitioners seeking proximity to established consumer traffic. Typical tenant profiles for this corridor include retail service providers, automotive centers, and specialty grocers that benefit from the existing infrastructure and density of nearby anchors.

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NOI
$80,000
Cap Rate
3.01%
DSCR
0.51
Underwater
Cash-on-Cash
-9.75%
Monthly Payment
$13,135.491
Annual Cash Flow
$-77,625.897

Location & Travel Times