148 Tunnel Rd, Asheville, NC 28805

This multi-tenant net leased property is located within the Greenville MSA in Asheville, North Carolina. The 6,700 square-foot building is 100% leased to The Vitamin Shoppe and America’s Best Contacts & Eyeglasses. The Vitamin Shoppe has been operating at this location since its construction in 2011, while America’s Best opened in 2015. All tenants have scheduled rental increases throughout the leases. A fully leased billboard on the premises provides additional income. The property is positioned in a market where vacancy is less than 2%. It benefits from its location along Tunnel Road, which experiences 17,000 vehicles per day and connects the property to downtown Asheville. The property is also located just off Interstate 240, which sees 76,000 vehicles per day. There are 93,409 people living within a five-mile radius, with an average household income of $104,199 within the same area. The property is surrounded by three nationally tenanted shopping centers: Asheville Mall, Innsbruck Mall, and Asheville Market. These centers draw continual traffic through the corridor. Notable tenants occupying the corridor include Whole Foods, Big Lots, HomeGoods, TJ Maxx, Chick-Fil-A, Red Lobster, McDonald’s, Verizon, and Cracker Barrel. The Vitamin Shoppe operates as an omnichannel specialty retailer of vitamins, minerals, herbs, specialty supplements, sports nutrition, and other health and wellness products. America's Best Contacts & Eyeglasses is a discount provider of eye examinations, eyeglasses and contact lenses, with over 700 retail locations in the United States as of 2019.