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Retail Center at Signalized Intersection

NNN Investment 1078 Tunnel Rd, Asheville, NC 28805

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For Sale

$4,700,000

Retail center on a primary corridor with 25k+ VPD traffic and established neighboring retail and medical uses.

Type:Retail

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
Strong in‑place income with short‑term leases that allow repositioning
Tenant area is supported by nearby retail and medical businesses including VA Medical Center and Ingles Markets

We can help!

Listing Contact

Scott Raines, CCIM

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For Sale

$4,700,000

Retail center on a primary corridor with 25k+ VPD traffic and established neighboring retail and medical uses.

Type:Retail

Added:: Jun 9, 2026
Days on Market:: 7
Last Refresh:: Jun 11 at 3:42 am

Property Features for NNN Investment 1078 Tunnel Rd

General Information

Standard status: Active
Property subtype: Retail

We can help!

Listing Contact

Scott Raines, CCIM

Listing agent Scott Raines, CCIM License #NC #226165

Listing office Dewey Property Advisors

Listing date Jun 9, 2026

Source Deweypa

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

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
Strong in‑place income with short‑term leases that allow repositioning
Tenant area is supported by nearby retail and medical businesses including VA Medical Center and Ingles Markets

Overview

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.

Location Intelligence

Current Use by Public Records

Rogue Combat Club Training Center Cory Short Productions Film Production Tienda Hispana Dona ... Specialty Food Shop Wow Nutrition Restaurant Coach Mike Caulo Gym & Fitness Center

Suggested Use

Similar Places Nearby

Coinstar Kiosk | Bitcoin ATM — Ingles Supermarkets, 1141 Tunnel Rd, Asheville, NC 28805
four seasons plaza — 1011 Tunnel Rd, Asheville, NC 28805

Location Insight

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Local Demand

City: Asheville
County: Buncombe
State: North Carolina
Longitude: -82.490922
Latitude: 35.58797

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For sale
Shopping centers
NC
Asheville
28805
NNN Investment 1078 Tunnel Rd

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