15-40 Peaks Center Ln - Retail FOR SALE


Asheville, NC 28805- Kenilworth
$8,800,000 USD
828-674-2120
15-40 Peaks Center Ln, Asheville, NC for Sale
$8,800,000 USD
Retail - FOR SALE
1/18
null | 5.93% Cap Rate

15-40 Peaks Center Ln
Asheville, NC 28805
Kenilworth


HIGHLIGHTS

  • 100% leased with no vacancy exposure
  • Strong WALT supported by recent long-term lease execution
  • National and franchise tenant mix with proven operators
  • E-commerce resistant, daily-needs retail profile
  • Synergistic co-tenancy driving consistent foot traffic
  • Built in 2019, modern center

OVERVIEW

Stabilized, Cash-Flowing Retail Asset with National Tenancy This 100% leased shopping center represents a stabilized investment opportunity with durable in-place income and minimal near-term leasing risk. The rent roll is comprised of a complementary mix of national brands and high-performing franchise operators, led by a top-tier franchisee of Panera Bread - with 8 years of term left, and a corporate Sleep Number location, providing a strong credit foundation. Moe's Southwest Grill recently executed a new 10-year lease, extending weighted average lease term and enhancing income security, while Blaze Pizza—operated by a seasoned franchisee—features a modern buildout with indoor/outdoor seating that supports strong unit-level performance. The property’s shared access and parking agreement with Chick-fil-A, one of the highest-volume quick-service brands in the U.S., generates consistent traffic flow and reinforces tenant sales productivity. The property is adjacent to I-240m, the interstate beltway around Asheville. It has immediate access and visibility from the interstate with 55,500 cars per day on the interstate and 21,000 per day in front of the property. The trade area is the retail hub of Asheville, with the Asheville Mall and global retailers like Target, Ross, TJ Maxx, Dick's, Wal-Mart and Lowes. Not to mention the adjacent Chic-Fil-A and Whole Foods which drive significant daily trips. Household density is strong in this area, the highest in the region.

FOR SALE DETAILS

PRICE

$8,800,000 USD

PRICE/SF

$732 USD /SF

CAP RATE

5.93%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Peaks Center

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

UP

APN/PARCEL ID

9658-26-0198,9658-26-1012

ASK ABOUT THIS PROPERTY

Jason BurkWhitney Commercial Real Estate ServicesMore Info
828-674-2120

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Jason BurkWhitney Commercial Real Estate ServicesMore Info
828-674-2120

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