65 Merrimon AveAsheville, NC 28801

For Sale
Call for price

High-performing Staples; prime location.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 17,773-square-foot, single-tenant, Class A shopping center in Asheville, North Carolina. The property, built in 2005, is 100% occupied by a Staples store under a sale-leaseback agreement, offering a secure, long-term income stream backed by a corporate guarantee. Situated on a 1.23-acre lot at 65 Merrimon Ave, Asheville, NC 28801, this strategically located asset benefits from exceptional demographics. The trade area boasts a population exceeding 135,000, with over 50,000 residents within a 3-mile radius and over 100,000 within a 5-mile radius. Average household incomes within these radii are over $107,000 and $100,000 respectively. The property enjoys a prominent position on a major retail corridor experiencing over 19,000 vehicles per day, and has seen a 5.8% increase in visitor traffic over the past five years. This fee-simple ownership offers a rare chance to acquire a top-performing Staples location in a highly desirable infill site. The single-story building sits on a 1.23-acre lot. This is a unique opportunity to acquire a stable, high-performing asset with significant long-term potential.

Highlights

  • Fee simple ownership of a 17,773 SF Class A Staples-occupied shopping center in Asheville, NC.
  • Sale-leaseback opportunity with a corporate guarantee from Staples, a long-term tenant since 2005.
  • Located on a 1.23-acre site on a high-traffic retail corridor (over 19,000 vehicles per day).
  • Strong demographics: over 50,000 people within a 3-mile radius with an average household income exceeding $107,000.
  • 100% occupancy.

Property Details for 65 Merrimon Ave

Property type
Lifestyle centers, Power centers
Square Feet
17,773 SF
Class
A
Year Built
2005
Buildings
1
Stories
1
Lot Size (sq. ft)
53,579 SF

Location Insight

City
Asheville
County
Buncombe
State
North Carolina
Latitude
35.601645621929
Longitude
-82.553443549985
65 Merrimon Ave, Asheville, North Carolina
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65 Merrimon Ave
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