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 prominent commercial corridor in Statesville, North Carolina, just off East Broad Street. The property is located within a high-traffic retail cluster characterized by a mix of national big-box retailers, casual dining establishments, and local service providers. It offers convenient regional connectivity via immediate access to Interstate 77 and proximity to the Interstate 40 interchange. The surrounding neighborhood serves as a primary shopping destination for both local residents and commuters traveling through the Charlotte-Concord-Gastonia metropolitan area. The site is suited for diverse retail applications, including specialized showrooms, boutique storefronts, or consumer service centers. Given its positioning near established shopping centers, the location is optimal for tenants seeking high visibility and consistent vehicular traffic. Typical occupants for this asset class include medical office providers, discount retailers, or franchise operators looking to capitalize on the area's existing commercial density. The building’s layout supports businesses requiring both customer-facing floor space and functional back-of-house storage.

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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

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