1405 Andrews AveHenderson, NC 27536

Property Details for 1405 Andrews Ave

Year built

1999

Lot size

8.69 AC

Property size (Sq ft)

55,334 SF

Property type

Retail properties

Property subtype

Strip malls

APN

0214 03017

APU

21403017

Description

Cardinal Plaza, located at 1405 E Andrews Ave in Henderson, NC (Vance County, zip code 27536), offers exceptional retail space in a thriving location. This multi-tenant property totals 50,000 square feet and currently has available spaces ranging from 1,500 to 33,000 square feet, perfect for a variety of retail businesses. The center enjoys a prime location in eastern North Carolina, just 40 miles northeast of Raleigh and 16 miles from the Virginia-North Carolina border, ensuring excellent accessibility for customers. Cardinal Plaza benefits from strong anchor tenants including Food Lion, Subway, and State Farm, attracting a significant volume of shoppers. The property boasts impressive customer loyalty, with a remarkable 7.91 visits per person, indicating a high level of repeat business and strong community engagement. This makes Cardinal Plaza an attractive investment opportunity for businesses seeking high visibility and a proven track record of success in a densely populated area. The property's strategic location and established tenant base provide a solid foundation for future growth and profitability. Contact us today to learn more about the available spaces and explore the potential of this exceptional retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $13,795,823

  6.5%

  $12,734,606

  7%

  $11,824,991

• Comparable approach

  Method

  Valuation

  Relative Method

  $32,007,444

  Geo Method

  $32,007,444

• Alternative Use

  Use

  Valuation

  Residential

  $10,742,116

  Hospitality

  $9,839,721

  Educational

  $8,186,532

  Medical

  $8,468,080

  Retail

  $12,734,606

Location Insight

City

Henderson

County

Vance

State

North Carolina

Latitude

36.3202

Longitude

-78.3817

CBSA code

25780

CBSA name

HENDERSON, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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