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Modern 2019 Retail Shopping Center
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15-40 Peaks Center Ln, Asheville, NC 28805

2019-built shopping center is 100% leased and includes modern retail space with shared parking access.

Property Size12,020 SF
Price / SF$732.11
Days on Market101

Property Features for 15-40 Peaks Center Ln

General Information

Standard status Active
Size 12,020 SF
Property subtype RETAIL
Listing Agency: Whitney Commercial
Listed By: Jason Burk, CCIM
Source: Moodyscre
Added: Apr 21 Changed: Jul 26 Last Checked: Jul 26 at 11:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Whitney Commercial

Investment Insights

Based on property information with market context.

Built in 2019, this modern shopping center is offered as a stabilized, 100% leased retail property. The current rent roll is supported by a national and franchise tenant mix, including a corporate Sleep Number location and a Panera Bread franchisee with 8 years remaining on its term. Moe’s Southwest Grill has recently executed a new 10-year lease, and Blaze Pizza, operated by a seasoned franchisee, features a modern buildout with indoor/outdoor seating.

The center provides shared access and parking under an agreement with Chick-fil-A. The property is adjacent to I-240m with immediate access and visibility from the interstate, with reported traffic counts of 55,500 cars per day on the interstate and 21,000 cars per day in front of the property. Retail in the surrounding trade area includes major regional and national operators, with nearby shopping anchors and adjacent destinations referenced in the offering materials.

Key Highlights

  • 100% leased shopping center with no vacancy exposure
  • Built in 2019, modern retail center
  • National and franchise tenant mix, including Panera Bread with 8 years of term left and a corporate Sleep Number location

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Law Firm Real Estate Agency Building Supply Spa & Massage Center HVAC Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

53
Businesses Nearby
Balanced
Demand for This Use

Demographics for 28805, NC

18,554
Population
10,737
Households
1.7
Avg Household Size
48
Median Age
49%
College-Educated
96%
High-School Grad
26.5 sq mi
ZIP Area
700
Density / Sq Mi
$67,104
Median Household Income
$35,897
Median Earnings
$1,198
Median Rent
$360,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Shopping center - 2019-built shopping center is 100% leased and includes modern retail space with shared parking access.
Where is this shopping center located?
The property is located at 15-40 Peaks Center Ln Asheville, NC.
What is the asking price?
The asking price for this property is $8,800,000.
What are key features of this property?
This property features: 100% leased shopping center with no vacancy exposure; Built in 2019, modern retail center; National and franchise tenant mix, including Panera Bread with 8 years of term left and a corporate Sleep Number location
(828) 674-2120 Call to check price and availability
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