$4,051,000 USD
704-498-8902
465 N Louisiana Ave
Asheville, NC 28806
West Asheville
HIGHLIGHTS
- Absolute Triple Net (NNN) Lease With 4 Years of Initial Term Remaining
- This Location Has a 65-Year Operating History As a Collision Center
- Strong Corporate Guarantee: Joe Hudson’s (JHCC) is One of the “Big 5” Consolidators in the Collision Industry With 250+ Locations Nationwide
- Current Base Rent Sits at $10.37/SF
- In 2019, TSG Consumer Partners, a Leading Private Equity Firm With Over $9B in Total Assets, Acquired a Majority Stake in the Company
- According to Citizen Times, Asheville Ranks No. 2 in the Country For The Highest Planned Move-in Versus Move-Out Ratio
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 25,381 SF Joe Hudson's Collision Center Located at 465 North Louisiana Avenue in Asheville, NC. This Deal Includes an Absolute Triple Net (NNN) Lease With Long-Term Operating History; This Location is Positioned in an Opportunity Zone, Providing Investors With Stable, Passive Income Backed By a Longstanding Operator in a Strategic Market.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
FOR SALE DETAILS
PRICE
$4,051,000 USD
PRICE/SF
$181 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Joe Hudson's Collision Center - Asheville, NC
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership, Auto Repair
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1985
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.57 AC
LAND SF
111,949 SF
ZONING
CS
APN/PARCEL ID
9639-20-4673-00000
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704-498-8902
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