Drive-Through Restaurant
For Sale
$3,150,000
307 Smokey Park Highway, Candler, NC 28715
Highway Business zoning and access at the I-40 and Smokey Park Highway interchange support restaurant and other commercial uses.
Property Size20,071 SF
Days on Market8
Property Features for 307 Smokey Park Highway
General Information
Standard status
Active
Size
20,071 SF
Property subtype
Food/Beverage
Zoning
Highway Business
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Amenities
Corner Lot
Additional parcels description:, Parcel Number: 9617-88-2686-00000, Assessed Value: $1.3592e+06
Listing ID: CAR4432447, Standard Status: Active, MLS Status: Active, Property Subtype: Food/Beverage, Special Conditions: None
29 open parking spaces, 29 total parking spaces
Built in 2007, 1 building
County/Parish: Buncombe
Road Responsibility: Publicly Maintained Road, Road Surface: Paved
Building Details
Building Size
20,071 SF
Year Built
2007
Listing Agency:
Pulliam Properties, Inc
(828) 684-4344
Listed By:
James Wilson · License #185498
(828) 768-7098
Source:
Blackstreaminternational
Added: Oct 7
Changed: Oct 13
Last Checked: Oct 12 at 7:20PM
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 Pulliam Properties, Inc
Investment Insights
Based on property information with market context.
Built in 2007, this restaurant property includes a drive-through and previously operated as a Hardee’s. Highway Business zoning is in place, and the site is available for a ground lease.
The property sits at the I-40 on- and off-ramps at Smokey Park Highway. Nearby businesses and uses include hotels, apartments, restaurants, car dealerships, Ingles, and Lowe’s.
The property sits at the I-40 on- and off-ramps at Smokey Park Highway. Nearby businesses and uses include hotels, apartments, restaurants, car dealerships, Ingles, and Lowe’s.
Key Highlights
- Drive‑through restaurant property built in 2007
- Highway Business zoning
- At the I‑40 on- and off‑ramps at Smokey Park Highway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$280,558
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,611,160
$5.6M
Cap Rate 7%
$4,007,971
$4.0M
Cap Rate 9%
$3,117,311
$3.1M
Market Conditions
NOI Build-Up for 20,071 SF
Gross rent
$380.5K $18.96/SF
− Vacancy
−$6.5K −$0.32/SF
EGI
$374.1K $18.64/SF
− OpEx
−$93.5K −$4.66/SF
NOI
$280.6K $13.98/SF
Area
Buncombe County, NC
Vacancy
1.70%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,611,160
Cap Rate 7%
$4,007,971
Cap Rate 9%
$3,117,311
Alternative Uses
Best Use
Specialty Retail
$4.01M
$3.51M – $4.68M
NOI $280,558 @ 7.0% cap · market cap 8.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.35M
$5.55M – $7.40M
NOI $444,270 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 28715, NC
27,810
Population
12,519
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
93%
High-School Grad
78.1 sq mi
ZIP Area
356
Density / Sq Mi
$70,950
Median Household Income
$38,620
Median Earnings
$1,208
Median Rent
$291,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Highway Business zoning and access at the I-40 and Smokey Park Highway interchange support restaurant and other commercial uses.
Where is this drive through restaurant located?
The property is located at 307 Smokey Park Highway Candler, NC.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Drive‑through restaurant property built in 2007; Highway Business zoning; At the I‑40 on- and off‑ramps at Smokey Park Highway
