65 Merrimon Ave, Asheville, NC 28801
For Sale
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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.
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Dear Mama God Association Or Organization
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Staples Travel Services (Bike/Boat/Book/etc) Store
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CANNA NC (Bike/Boat/Book/etc) Store
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Staples Print & Marketing Services (Bike/Boat/Book/etc) Store Printing Service
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Basecamp Consulting Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DEED DATE:09/21/2017 DEED · Asheville, NCAsheville. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.