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Shopping Community

Crossroads Centre

200 Stanford Rd, Lincolnton, NC 28092

Listing Price: $5,250,000

Cap Rate
6.80%
Gross SF
46,494
Rentable SF
46,494
Price/Gross SF
$112.92
Lot Size
11.66 acres
Year Built
1998

Investment Overview

Crossroads Centre is a well located, attractive, high performing 46,494 square foot Food Lion anchored shopping center in the Charlotte MSA. The property is 83% occupied with a good mix of internet resistant tenants including restaurants, a nail salon and military recruiting office. Investment grade Food Lion occupies 62% of the GLA and has been located at the center since 1999. The 17% of the center that is currently vacant is comprised of four bays between 1,050 and 3,744 square feet. The property is anchored by a Food Lion grocery store with a rent to sales ratio of less than 2% and sales growth of nearly 50% over the past two years at this location. The current lease term ends in 2024 followed by a renewal option at 27% higher rent.

Investment Highlights

  • 46,494 Square Foot Investment Grade Food Lion Anchored Center
  • Offered Well Below Replacement Cost at $112.92 Per Square Feet
  • 54% of the Center's Current Revenue is from Food Lion, with an Upcoming 27% Rent Increase

Exclusively Listed By

  • David E. Gant

    First Vice President Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Shopping Community

Crossroads Centre

Listing Price: $5,250,000

Cap Rate
6.80%
Gross SF
46,494
Rentable SF
46,494
Price/Gross SF
$112.92
Lot Size
11.66 acres
Year Built
1998

Investment Highlights

  • 46,494 Square Foot Investment Grade Food Lion Anchored Center
  • Offered Well Below Replacement Cost at $112.92 Per Square Feet
  • 54% of the Center's Current Revenue is from Food Lion, with an Upcoming 27% Rent Increase

Investment Overview

Crossroads Centre is a well located, attractive, high performing 46,494 square foot Food Lion anchored shopping center in the Charlotte MSA. The property is 83% occupied with a good mix of internet resistant tenants including restaurants, a nail salon and military recruiting office. Investment grade Food Lion occupies 62% of the GLA and has been located at the center since 1999. The 17% of the center that is currently vacant is comprised of four bays between 1,050 and 3,744 square feet. The property is anchored by a Food Lion grocery store with a rent to sales ratio of less than 2% and sales growth of nearly 50% over the past two years at this location. The current lease term ends in 2024 followed by a renewal option at 27% higher rent.

Exclusively Listed By

  • David E. Gant

    First Vice President Investments

    (954) 245-3446

    Email David

    License(s): FL: SL 671779, NC: LC153

    Fort Lauderdale

  • Lori Schneider

    Executive Managing Director Investments

    (954) 245-3484

    Email Lori

    License(s): FL: SL 629661, NC: LC152

    Fort Lauderdale

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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