147 Highlands Square Dr - Freestanding FOR SALE


Hendersonville, NC 28792
$2,430,000 USD
818-730-1195
147 Highlands Square Dr, Hendersonville, NC for Sale
$2,430,000 USD
Freestanding - FOR SALE
1/6
null | 7.02% Cap Rate

147 Highlands Square Dr
Hendersonville, NC 28792


HIGHLIGHTS

  • Brand New 10-Year Lease Extension | 10% Rental Increases Every 5 Years
  • Outparceled to Walmart Anchored Shopping Center | Highland Square Shopping Center | Encompassing Over 335,000 SF
  • Excellent Location | Near Intersection of Hwy 64 & I-26 | Strong Combined Average Traffic Counts of 93,250+ VPD (Chimney Rock Rd & Andrew Jackson Hwy)
  • Large 1.11 Acre Lot Surrounded by Every Major Retailer | Ample Parking - 60 Spaces
  • Nearby Tenants: Sam’s Club, Ingles Market, Chick-fil-A, Chipotle, Staples, Dollar Tree, Petco, Jack in the Box, Dunkin’, Sonic, Zaxby's, and many more
  • Strong Demographics | Over 60,800 Residents & $72,900+ AHHI in 5 Mile-Radius

OVERVIEW

Marcus & Millichap is pleased to offer for sale, the fee simple interest in a Mattress Firm in Hendersonville, NC. This single-story 4,050 SF free standing Mattress Firm was built in 2001 on a 1.11 AC lot with 60 parking spaces. The property is located at 83 Highlands Square Dr in Hendersonville, North Carolina, at the center of Henderson County. The tenant recently signed a brand new 10-year lease extension with 10% rental increases every 5 years. The property is outparceled to a Walmart anchored shopping center, Highland Square Shopping Center, which encompasses over 335,000 SF. The property is surrounded by major retailers including Sam’s Club, Ingles Market, Chick-fil-A, Chipotle, Staples, Dollar Tree, Petco, Jack in the Box, Dunkin’, Sonic, Zaxby’s, Aspen Dental, Advanced Auto Parts, AutoZone, and many more. The property benefits from its location near the intersection of Chimney Rock Rd (Hwy 64) & Andrew Jackson Hwy (I-26) which sees a combined average of over 93,250 VPD.

FOR SALE DETAILS

PRICE

$2,430,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mattress Firm - New 10-Year Lease Extension

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,352 SF

ZONING

Commercial

APN/PARCEL ID

1011813

ASK ABOUT THIS PROPERTY

Michael FidelerJTU Net Lease GroupMore Info
818-730-1195

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Michael FidelerJTU Net Lease GroupMore Info
818-730-1195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.