ATTRACTIVE LEASE FUNDAMENTALS
- 5-year NNN lease structure provides owner a hands-off investment
- 3% annual rental increases in primary term and in option period providing a strong inflation hedge
AFFLUENT DEMOGRAPHICS OFF OF HWY 321
- The AHHI within a 1-mile radius of the site exceeds $120K
- Subject is located on Main St in downtown Blowing Rock just off Hwy 321 (10.5K VPD)
NEARBY MARKET DRIVERS
- Downtown Blowing Rock is a major western NC tourist destination known for its quaint shops, restaurant options and park
- Just 1.8 miles from the site is an access point for the Blue Ridge Parkway which reported over 16.7 Million visitors in 2023 and is referred to as Americas Favorite Drive
ATTACHED PARKING GARAGE & MULTI-FAMILY
- The property is served by street parking and benefits from its close proximity to a public parking deck that provides parking to downtown Blowing Rock
- Directly above the retail condo are multi-family units
- These are not included in the sale
HIGHLY VISITED BLOWING ROCK, NC
- In Watauga County in 2023 there were over 500K visitors spending more than $517 million dollars
- In the Blowing Rock, NC immediate area there are 550 hotel rooms and over 50 miles of hiking trails with nearby attractions such as: Blue Ridge Parkway, The Blowing Rock, Moes H. Cone Memorial Park, Tweetsie Railroad, and more