NNN Investment 1078 Tunnel Rd Asheville, NC 28805

Listing agency Dewey Property Advisors S***@deweypa.com Show Phone

Listed by Scott Raines, CCIM · License #NC #226165 Show Phone

Source Deweypa

Added: Jun 9 Updated: Jul 10 at 1:54PM Checked: Jul 22 at 4:30AM

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Investment Insights

Based on property information with market context.

This 14,262 SF retail center is configured as a multi-tenant shopping property with a diverse tenant mix. The offering is highlighted by strong in-place income, with short-term leases in place that provide flexibility for an incoming owner. The center is located at a signalized intersection, supporting direct access and prominent on-site visibility.

Situated on a primary commercial corridor with 25k+ VPD traffic counts, the property benefits from consistent passing demand. Nearby businesses include the VA Medical Center and Ingles Markets, along with additional retail operators in the surrounding area. The combination of a high-traffic main corridor and established local retail and medical neighbors supports the center’s day-to-day customer draw.

For buyers seeking a retail investment with manageable lease terms, this center offers a measurable current income profile, with current NOI of $15.65 per SF. The tenant flexibility associated with short-term leases may appeal to owners planning tenant adjustments during the hold period, while the signalized, high-visibility location supports continued retail relevancy for a variety of neighborhood-oriented concepts.

Key Highlights

• 14,262 SF retail center on a primary commercial corridor
• Located at a signalized intersection with 25k+ VPD traffic counts
• Current NOI is $15.65 per SF

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FAQs

What type of property is this?

Shopping center - Retail center on a primary corridor with 25k+ VPD traffic and established neighboring retail and medical uses.

Where is this shopping center located?

The property is located at NNN Investment 1078 Tunnel Rd Asheville, NC.

What is the asking price?

The asking price for this property is $4,700,000.

What are key features of this property?

This property features: 14,262 SF retail center on a primary commercial corridor; Located at a signalized intersection with 25k+ VPD traffic counts; Current NOI is $15.65 per SF