491 Sardis Rd - Service Station FOR SALE


Asheville, NC 28806- Bent Creek
$4,089,854 USD
781-776-4525
491 Sardis Rd, Asheville, NC for Sale
$4,089,854 USD
Service Station - FOR SALE
1/9
null | 5.5% Cap Rate

491 Sardis Rd
Asheville, NC 28806
Bent Creek


HIGHLIGHTS

  • Attractive Rent Increases
  • Zero Landlord Responsibilities
  • Strong Operator
  • Strategic Location
  • Strong Demographics
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a single-tenant Roadrunner (GPM Investments) located at 491 Sardis Road in Asheville, North Carolina (“the Property”). The Property consists of a 3,300 square foot freestanding building with 8 fueling stations on a 1.41-acre parcel of land. Roadrunner (GPM Investments) has 10+ years remaining on its Absolute NNN Lease with four (4), 5-year renewal options. The lease provides for attractive rent increases every five years throughout the primary lease term and the start of each renewal option, based on the cumulative five-year change in CPI. Roadrunner (GPM Investments) occupies a prominent location along Sardis Road, an established commercial and employment corridor serving West Asheville and the surrounding area. The Property benefits from excellent visibility and accessibility and is surrounded by a diverse mix of manufacturing, industrial, office, and service-oriented businesses that generate consistent employee and commuter traffic, while area schools and neighborhood retail further contribute to daily activity. The Property also offers convenient access to Interstate 40, US Routes 19 and 23, and other major roadways, providing connectivity throughout Asheville and the surrounding communities. Asheville is strategically positioned in western North Carolina, approximately 20 miles from Asheville Regional Airport and 65 miles west of Hickory.

FOR SALE DETAILS

PRICE

$4,089,854 USD

PRICE/SF

$1,268 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

BP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

CI

APN/PARCEL ID

9617-82-7214-00000

ASK ABOUT THIS PROPERTY

Zachary SmithHorvath & TremblayMore Info
781-776-4525

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Zachary SmithHorvath & TremblayMore Info
781-776-4525

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