150 Weaver Blvd - Bank FOR SALE


Weaverville, NC 28787
$3,441,000 USD
980-498-3293
150 Weaver Blvd, Weaverville, NC for Sale
$3,441,000 USD
Bank - FOR SALE
1/5
null | 4.65% Cap Rate

150 Weaver Blvd
Weaverville, NC 28787


HIGHLIGHTS

  • GROCERY ANCHORED OUTPARCEL
  • BANKING DEMAND DRIVER
  • LOCATED IN AFFLUENT MARKET OF ASHEVILLE MSA

OVERVIEW

STRONG LEASE FUNDAMENTALS - 10% rent increase every 5 years during option periods - Absolute NNN Ground lease with no Landlord Responsibilities - Four (4) - Five (5) year option periods INVESTMENT GRADE TENANT - Fifth Third Bank is a fortune 500 company with over $164B held in deposits - Revenue increased 35% YoY - S&P Rating: A GROCERY ANCHORED OUTPARCEL - This Fifth Third Bank site is an outparcel to an Ingles grocery store - The ingles is in the 90th percentile nationally in visits - Excellent visibility from Weaver Blvd, which serves as the connector between I-26 and downtown Weaverville BANKING DEMAND DRIVER - Branch location adjacent to Ingles Markets headquarters and distribution hub (major regional employer) - Weaverville is a commuter town for Asheville professionals, supporting steady demand for financial services LOCATED IN AFFLUENT MARKET OF ASHEVILLE MSA - Just 15 minutes north of downtown Asheville - AHHI exceeds 105K in 1,3, and 5 mile radius - One of the fastest growing cities in the country with 13.4% growth from 2010 to 2020 - Asheville Regional Airport saw 2 million+ passengers in 2023, underscoring regional economic strength LOCATED IN LOW VACANCY AND HIGH DEMAND RETAIL CORRIDOR - Located on Weaver Boulevard, the primary retail artery in Weaverville - Traffic counts exceed 15,000 vehicles per day (VPD) on Weaver Blvd - Over 917K SF of Retail boasting a 0.2% vacancy rate - 11.6K SF of absorption | Immediate trade area includes Walmart Supercenter, Ingles, Lowe’s, CVS, McDonald’s, and Starbucks

FOR SALE DETAILS

PRICE

$3,441,000 USD

PRICE/SF

$1,539 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C-2

APN/PARCEL ID

9743-00-8092-00000

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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