1078 Tunnel Rd, Asheville, NC for sale

Investment Overview

This popular 14,262 SF retail center is located on a primary commercial corridor with traffic counts of 25k+ VPD and retail demand. Neighboring businesses include VA Medical Center, Ingles Markets and many more. This center offers approximately $260,000 in current income with significant upside through lease rollover, rent increases, and conversion to a more institutional lease structure.

Investment Highlights

• Strong in-place income
• Short-term leases allow repositioning
• Diverse tenant mix
• High visibility location at signalized intersection
• Current NOI psf: $15.65