Remodeled Convenience Store
For Sale
$1,250,000
2020 Asheville Highway, Hendersonville, NC 28791
Convenience store building with NNN tenancy and an adjoining food-truck parcel with separate utility service.
Property Size2,680 SF
Price / SF$466.42
Days on Market185
Property Features for 2020 Asheville Highway
General Information
Standard status
Active
Size
2,680 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Land Use
commercial
Amenities
food truck lot
Building Details
Year Built
1982
Year Renovated
2021
Listing Agency:
BluAxis Realty
(828) 233-5447
Listed By:
Johnny Duncan
Source:
Techrealtyllc
Added: Feb 1
Changed: Aug 5
Last Checked: Aug 5 at 2:08AM
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 BluAxis Realty
Investment Insights
Based on property information with market context.
This convenience store property includes a 2,680-square-foot primary building constructed in 1982 and remodeled after fire damage in 2021. Improvements include three-phase electrical service, HVAC systems, a new roof, windows, flooring, and additional interior and exterior work. The building is leased under a triple-net structure, while the adjoining parcel is leased month to month for food-truck use.
The property fronts Asheville Highway at 2020 Asheville Highway in Hendersonville, NC 28791. The additional lot has its own 200-amp electrical service with 110V, 30A, and 50A receptacles, along with a city water connection. Surrounding businesses named in the property information include Ingles Markets, Pelican's SnoBalls, Monte's Subs, Bay Breeze Seafood, and Moe's Original BBQ.
The property fronts Asheville Highway at 2020 Asheville Highway in Hendersonville, NC 28791. The additional lot has its own 200-amp electrical service with 110V, 30A, and 50A receptacles, along with a city water connection. Surrounding businesses named in the property information include Ingles Markets, Pelican's SnoBalls, Monte's Subs, Bay Breeze Seafood, and Moe's Original BBQ.
Key Highlights
- 2,680‑square‑foot convenience store building constructed in 1982
- Remodeled after 2021 fire damage with new roof, HVAC, windows, flooring, and electrical systems
- Primary building leased under a triple‑net lease
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.2k | $18.00 |
| − Vacancy | −$917 | −$0.34 |
| EGI | $47.3k | $17.66 |
| − OpEx | −$11.8k | −$4.41 |
| NOI | $35.5k | $13.24 |
2,680 SF · lease $18.00/SF/yr · vacancy 1.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$507.0K
$443.7K – $591.6K
NOI $35,493 @ 7.0% cap · market cap 2.84%
Second Best
Retail
$473.2K
$414.1K – $552.1K
NOI $33,126 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$893.1K
$781.5K – $1.04M
NOI $62,519 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,924
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 62%
Dining 38%
State Employees Credit Union
Shops & Services
12,492 visits/mo
0.4 miles
Burger King
Dining
11,177 visits/mo
0.2 miles
First Citizens Bank
Shops & Services
9,690 visits/mo
0.4 miles
Marco's Pizza
Dining
5,187 visits/mo
0.5 miles
Citgo
Shops & Services
2,504 visits/mo
0.5 miles
Demographics for 28791, NC
14,899
Population
7,268
Households
2
Avg Household Size
52
Median Age
45%
College-Educated
94%
High-School Grad
16.7 sq mi
ZIP Area
892
Density / Sq Mi
$78,179
Median Household Income
$40,049
Median Earnings
$1,182
Median Rent
$352,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Ingles Markets — 1980 Asheville Hwy, Hendersonville, NC 28791
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Convenience store building with NNN tenancy and an adjoining food-truck parcel with separate utility service.
Where is this grocery and convenience store located?
The property is located at 2020 Asheville Highway Hendersonville, NC.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,680‑square‑foot convenience store building constructed in 1982; Remodeled after 2021 fire damage with new roof, HVAC, windows, flooring, and electrical systems; Primary building leased under a triple‑net lease
