805-859 N. Center Street
805 N. Center Street Statesville NC 28677
- Price$2,800,000
- Acres3.29
Dollar Tree-anchored shopping center located in Statesville, NC on busy 14,000 VPD road. Minutes to I-40 and 40 miles to Charlotte, NC. This center provides stable income with significant upside potential. 8.25% Cap Rate on actuals with ±37% upside in further stabilization. Many recent capital improvements (over $200,000 in 2024 alone) include recent roof repairs/replacement, facade and parking reseal/restripe. Dollar Tree lease through 8/30/2026. Minimal nearby competition make this a great balance between stable in-place NOI and value add. NOI $231,282.
Details
Property Information
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Property Type
Investment
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Building SF
39,517
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Year Built
1962
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Acres
3.29
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Property Subtype
Shopping Center/Retail
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# of Buildings
4
Tax Information
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Zoning
B-2
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Tax PIN
4735602492
Pricing & Terms
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Price
$2,800,000
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NOI
$232,282
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Cap Rate (Actual)
8.25%
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Comments
Dollar Tree-anchored shopping center located in Statesville, NC on busy 14,000 VPD road. Minutes to I-40 and 40 miles to Charlotte, NC. This center provides stable income with significant upside potential. 8.25% Cap Rate on actuals with ±37% upside in further stabilization. Many recent capital improvements (over $200,000 in 2024 alone) include recent roof repairs/ replacement, facade and parking reseal/restripe. Dollar Tree lease through 8/30/2026. Minimal nearby competition make this a great balance between stable in-place NOI and value add.