195 Johnston Boulevard, Asheville, NC for sale

Investment Overview

Outstanding opportunity for investors. Long term lease. 83,700 SF Building on 6.5 acres with a single business/lease of surplus building materials. Business is 20 years old. Cap rate of 9%.

Investment Highlights

• Pop’s Discount Building Materials has operated from this location for 20 years.
• Currently, there is a 20-year lease, which is very advantageous to the landlord. Nineteen years remain on the lease.
• The business’s main focus is doors, but it also sells flooring, cabinets, kitchen items, and windows.
• The tenant is responsible for all deferred maintenance.
• The only landlord expense is the real estate taxes.
• The 83,706 SF building sits on a 6.55-acre parcel.
• Additional gross income is from a Verizon-contracted cell tower.