Retail Center at Signalized
For Sale
$4,700,000
NNN Investment 1078 Tunnel Rd, Asheville, NC 28805
Retail center on a primary corridor with 25k+ VPD traffic and established neighboring retail and medical uses.
Days on Market52
Property Features for NNN Investment 1078 Tunnel Rd
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Dewey Property Advisors
(828) 551-0087
Listed By:
Scott Raines, CCIM · License #NC #226165
(828) 551-0087
Source:
Deweypa
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 30 at 5:47AM
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
Investment Insights
Based on property information with market context.
This 14,262 SF retail center is configured as a multi-tenant shopping property with a diverse tenant mix. The offering is highlighted by strong in-place income, with short-term leases in place that provide flexibility for an incoming owner. The center is located at a signalized intersection, supporting direct access and prominent on-site visibility.
Situated on a primary commercial corridor with 25k+ VPD traffic counts, the property benefits from consistent passing demand. Nearby businesses include the VA Medical Center and Ingles Markets, along with additional retail operators in the surrounding area. The combination of a high-traffic main corridor and established local retail and medical neighbors supports the center’s day-to-day customer draw.
For buyers seeking a retail investment with manageable lease terms, this center offers a measurable current income profile, with current NOI of $15.65 per SF. The tenant flexibility associated with short-term leases may appeal to owners planning tenant adjustments during the hold period, while the signalized, high-visibility location supports continued retail relevancy for a variety of neighborhood-oriented concepts.
Situated on a primary commercial corridor with 25k+ VPD traffic counts, the property benefits from consistent passing demand. Nearby businesses include the VA Medical Center and Ingles Markets, along with additional retail operators in the surrounding area. The combination of a high-traffic main corridor and established local retail and medical neighbors supports the center’s day-to-day customer draw.
For buyers seeking a retail investment with manageable lease terms, this center offers a measurable current income profile, with current NOI of $15.65 per SF. The tenant flexibility associated with short-term leases may appeal to owners planning tenant adjustments during the hold period, while the signalized, high-visibility location supports continued retail relevancy for a variety of neighborhood-oriented concepts.
Key Highlights
- 14,262 SF retail center on a primary commercial corridor
- Located at a signalized intersection with 25k+ VPD traffic counts
- Current NOI is $15.65 per SF
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
94k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 39%
Dining 22%
Ingles
Groceries
36,324 visits/mo
0.3 miles
Zips Car Wash
Shops & Services
15,557 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,699 visits/mo
0.2 miles
SONIC Drive In
Dining
9,490 visits/mo
0.2 miles
Village Grill
Dining
8,173 visits/mo
0.3 miles
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail center on a primary corridor with 25k+ VPD traffic and established neighboring retail and medical uses.
Where is this shopping center located?
The property is located at NNN Investment 1078 Tunnel Rd Asheville, NC.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 14,262 SF retail center on a primary commercial corridor; Located at a signalized intersection with 25k+ VPD traffic counts; Current NOI is $15.65 per SF
