Retail Storefront Space in Walmart
For Sale
Contact for pricing
1636 Hendersonville Rd, Asheville, NC 28803
1,800 SF retail unit in a Walmart-anchored center with pylon signage, abundant parking, and signalized intersection access.
Property Size1,800 SF
Price / SF$0.01
Days on Market142
Property Features for 1636 Hendersonville Rd
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Retail / Office
Lease Term
NNN
Properties For Sale
at 1636 Hendersonville Rd Contact usSuite 115
Size
1,800 SF
Type
Neighborhood Center
Term
Negotiable
Suite 130
Size
2,700 SF
Type
Neighborhood Center
Term
Negotiable
Suite 135
Size
3,000 SF
Type
Neighborhood Center
Term
Negotiable
Suites 130 & 135 Combined
Size
5,700 SF
Type
Neighborhood Center
Term
Negotiable
Listing Agency:
Dewey Property Advisors
Listed By:
Tim Bramley, CCIM, SIOR · License #NC #271946
(828) 424-1141
Source:
Deweypa
Added: Jun 11
Changed: Oct 26
Last Checked: Oct 28 at 5:43AM
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 Dewey Property Advisors
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Investment Insights
Based on property information with market context.
This listing offers a small 1,800 SF retail storefront space available for lease within a Walmart-anchored shopping center. The center supports a mix of dining, fitness, salon, and specialty retail co-tenancy, creating a practical environment for a neighborhood-serving business.
The property benefits from abundant parking and easy customer access, with pylon signage to help direct shoppers to the center. Visibility and approach are supported by a signalized intersection, which can be helpful for customer traffic patterns.
The available space is well suited for retail and service concepts that want to operate alongside established national and local brands. Co-tenants listed include Big Air, Hew Fitness, Asheville Sushi & Hibachi, Sunny's Hot Subs & Wings, Sola Salons, Conscious Curl Collective, and De Legge European Hair Studio. With the combination of anchored retail draw and a diversified tenant mix, the unit can provide a straightforward option for tenants seeking a smaller footprint in a busy retail setting.
The property benefits from abundant parking and easy customer access, with pylon signage to help direct shoppers to the center. Visibility and approach are supported by a signalized intersection, which can be helpful for customer traffic patterns.
The available space is well suited for retail and service concepts that want to operate alongside established national and local brands. Co-tenants listed include Big Air, Hew Fitness, Asheville Sushi & Hibachi, Sunny's Hot Subs & Wings, Sola Salons, Conscious Curl Collective, and De Legge European Hair Studio. With the combination of anchored retail draw and a diversified tenant mix, the unit can provide a straightforward option for tenants seeking a smaller footprint in a busy retail setting.
Key Highlights
- 1,800 SF retail space for lease in a Walmart‑anchored shopping center
- Co‑tenants include Big Air, Hew Fitness, Asheville Sushi & Hibachi, Sunny's Hot Subs & Wings, Sola Salons, Conscious Curl Collective, and De Legge European Hair Studio
- Abundant on‑site parking with easy customer access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,105
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,100
$422.1K
Cap Rate 7%
$301,500
$301.5K
Cap Rate 9%
$234,500
$234.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$30.7K $17.04/SF
− Vacancy
−$521 −$0.29/SF
EGI
$30.2K $16.75/SF
− OpEx
−$9.0K −$5.03/SF
NOI
$21.1K $11.73/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$422,100
Cap Rate 7%
$301,500
Cap Rate 9%
$234,500
Alternative Uses
Best Use
Retail
$301.5K
$263.8K – $351.8K
NOI $21,105 @ 7.0% cap · market cap 87,937.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.2K
$498.0K – $664.1K
NOI $39,843 @ 7.0% cap · market cap 166,012.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
545
Businesses Nearby
229k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 45%
Dining 27%
Leisure 15%
Shops & Services 13%
Walmart
Superstores
102,192 visits/mo
0.2 miles
Cinemark
Leisure
33,297 visits/mo
0.2 miles
McDonald's
Dining
24,065 visits/mo
0.4 miles
Wendy's
Dining
17,568 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
16,351 visits/mo
0.3 miles
Demographics for 28803, NC
34,108
Population
18,322
Households
1.9
Avg Household Size
43
Median Age
50%
College-Educated
93%
High-School Grad
38.4 sq mi
ZIP Area
888
Density / Sq Mi
$70,638
Median Household Income
$41,057
Median Earnings
$1,455
Median Rent
$408,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Shopping center - 1,800 SF retail unit in a Walmart-anchored center with pylon signage, abundant parking, and signalized intersection access.
Where is this shopping center located?
The property is located at 1636 Hendersonville Rd Asheville, NC.
What are key features of this property?
This property features: 1,800 SF retail space for lease in a Walmart‑anchored shopping center; Co‑tenants include Big Air, Hew Fitness, Asheville Sushi & Hibachi, Sunny's Hot Subs & Wings, Sola Salons, Conscious Curl Collective, and De Legge European Hair Studio; Abundant on‑site parking with easy customer access
