Shopping Neighborhood
Auction - REIT Sale | Tractor Supply + Former Big Lots | 39% Occupied | 8+ Yrs Lease Remaining
28 Whites Xing Plz, Whiteville, NC 28472
Starting Bid: $250,000
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3380/retail/whiteville/nc
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 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.
Investment Highlights
- STARTING BID $250,000 | REIT Sale | 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
- ±40,100 SF Immediate Lease-Up Opportunity - Former Big Lots suite offers flexible buildout for fitness, furniture, showroom, or specialty users.
- Expansive ±7.38-Acre Retail Site with Upside - 336 spaces, multiple access points, and potential outparcel development create additional value.
- High-Traffic US-701 Commercial Corridor - Visibility reaches ±18,100 VPD on the bypass plus ±2,389 VPD along Love Mill Road.
- Established Regional Shopping Destination - Walmart, Lowe's, Food Lion, Harbor Freight, Belk, and Five Below generate steady consumer traffic.
- Flexible B-3 Zoning for Multiple Uses - Highway Serving Business designation supports broad retail, commercial, and service uses.
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- North Carolina
Shopping Neighborhood
Auction - REIT Sale | Tractor Supply + Former Big Lots | 39% Occupied | 8+ Yrs Lease Remaining
Starting Bid: $250,000
Investment Highlights
- STARTING BID $250,000 | REIT Sale | 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
- ±40,100 SF Immediate Lease-Up Opportunity - Former Big Lots suite offers flexible buildout for fitness, furniture, showroom, or specialty users.
- Expansive ±7.38-Acre Retail Site with Upside - 336 spaces, multiple access points, and potential outparcel development create additional value.
- High-Traffic US-701 Commercial Corridor - Visibility reaches ±18,100 VPD on the bypass plus ±2,389 VPD along Love Mill Road.
- Established Regional Shopping Destination - Walmart, Lowe's, Food Lion, Harbor Freight, Belk, and Five Below generate steady consumer traffic.
- Flexible B-3 Zoning for Multiple Uses - Highway Serving Business designation supports broad retail, commercial, and service uses.
Investment Overview
Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3380/retail/whiteville/nc Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 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.
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- North Carolina