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Auction-REIT Sale | Tractor Supply + Big Lots 28 Whites Crossing Plaza 65,930 SF 39% Leased Retail Building Whiteville, NC 28472 $345,872 CAD ($5.25 CAD/SF)
Investment Highlights
- STARTING BID $250,000 | Tractor Supply + Former Big Lots | 39% Occupied | 8+ Yrs Lease Remaining | AUCTION OCTOBER 19-21
- Expansive ±7.38-Acre Retail Site with Upside - 336 spaces, multiple access points, and potential outparcel development create additional value.
- ±40,100 SF Immediate Lease-Up Opportunity - Former Big Lots suite offers flexible buildout for fitness, furniture, showroom, or specialty users.
- Income-Producing Tractor Supply Tenancy - 2-Tenant Retail with Tractor Supply (8+ Yrs Lease Remain) & Former Big Lots | $103K In-Place Rent
- Established Regional Shopping Destination - Walmart, Lowe’s, Food Lion, Harbor Freight, Belk, and Five Below generate steady consumer traffic.
- High-Traffic US-701 Commercial Corridor - Visibility reaches ±18,100 VPD on the bypass plus ±2,389 VPD along Love Mill Road.
Executive Summary
Brokered by Marcus & Millichap, 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
65,930 SF
Year Built
1988
Price
$345,872 CAD
Price Per SF
$5.25 CAD
Percent Leased
39%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
7.38 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
1 of 10
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Auction-REIT Sale | Tractor Supply + Big Lots | 28 Whites Crossing Plaza
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