Asheville Development Opportunity

Asheville Development Opportunity | Asheville, NC

Sands Investment Group is Pleased to Exclusively Offer For Sale a 2.04 Acre Asheville Development Opportunity Located at 99999 New Leicester Hwy in Asheville, NC. This Deals Potential Uses Include: Self Storage, Industrial, QSR, Early Education, Retail, Office, Medical/Dental, C-Store/Gas Station, Multi-Family and More, Providing For a Secured Investment.

  • Current Zoning is For Highway Business. Township is 100% Supportive of Development Here and Open to Rezoning
  • The Asheville Area is Up and Coming and This Site is Less Then 3-Miles From Downtown Asheville
  • High Visibility on a Major 5 Lane Highway With 450 FT of Road Frontage and 31,500 Vehicles Per Day
  • Site Renderings Available For Mixed Use, Multifamily & Multi Family; a Drive Thru For This Site is Possible as Well
  • Potential Uses Include: Self Storage, Industrial, QSR, Early Education, Retail, Office, Medical/Dental, C-Store/Gas Station, Multi-Family and More

In Cooperation With Sands Investment Group North Carolina, LLC – Lic. #29362 BoR: Chris Sands – Lic. NC #300021

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Industrial Storage Investment Asset

Asheville Mini Storage | Asheville, NC

Sands Investment Group is Pleased to Present Exclusively For Sale Industrial Storage Investment Asset Located at 990 Sand Hill Rd in Asheville, North Carolina. This Facility Features 318 Units (Mix of CC & NC) in 41,970 NRSF & 32,960 NRSF of Outdoor Parking. The Property Also Features ~9 Acres of Expansion Room, Which is Perfect For a Value-Add Investor Who is Interested in Building the Facility Up to Institutional Size. Additional Upsides Include: Driving Economic Occupancy, Raising Rents to Market, Implementing Tenant Insurance and Admin/Late Fees and Selling Merchandise. This is a Rare Opportunity to Purchase a Cash-Flowing Facility in the Asheville Market With Room to Expand.

  • Immediate Opportunity to Raise Rents to Market
  • Other Value-Add Opportunities Include: Implementing Tenant Insurance and Admin/Late Fees and Selling Merchandise
  • Facility Recently Brought on a New Manager Who Has Been Able to Drive Economic Occupancy Up From 64% at the Beginning of the Year, to Over 81% Where it Currently Stands
  • Facility Includes ~9.0 Acres of Expansion Room Which Can Be Used to Bring the Facility Up to Institutional Size
  • Facility Also Features 3,970 NRSF of Indoor Non-Climate Units That Can Be Easily Converted in Climate-Control Units
  • Stabilized Self-Storage Facility Located in Quickly Growing West Asheville
  • 3-Mile SF/Capita For Climate Controlled Units is 4.8
  • Outdoor Parking in the Rear of the Property Can Be Further Expanded For Vehicle Parking, Which is Very Undersupplied in the Asheville Market
  • The Asheville MSA is the 5th Largest in the State of North Carolina and is Home to Over 466,000 People, Up 9.1% Over the Last 10 Years
  • Asheville is Home to UNC Asheville, Sierra Nevada East Coast HQ and the Biltmore Estate, Which Sees Over 1 Million Tourists Annually
  • The Nearby Asheville Airport is Expanding From Seven Terminals to Twelve
  • West Asheville is Known For Being Hip and Trendy, Filled With a Plethora of Creative Shops, Restaurants and Cafes, and a Laid-Back, Creative Vibe

In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362  BoR: Amar Goli- Lic. # 310575

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Cedar Storage Center Industrial

Cedar Storage Center | Asheville, NC

Sands Investment Group is Pleased to Present Exclusively For Sale Cedar Storage Center Industrial, a Boutique Self Storage Facility Located at 241 Old Weaverville Road in Asheville, North Carolina. The Facility Was Built in 2015 and Features 91 Climate-Controlled Units Totalling 10,764 Net Rentable Square Feet. This “Turn-Key” Self Storage Asset Has a Current Physical Occupancy of 99.1% and a Current Economic Occupancy of 90%, Providing Healthy and Immediate Cash Flow. Additional Upside Available Through Implementing Tenant Insurance, Implementing Late Fees & Admin Fees, Selling Boxes and Locks and Converting the Oversized Management Office to Additional CC Units.

  • Value-Add Opportunity to Convert a Portion of Existing Leasing Office Into Additional Units
  • Turn-Key Cash-Flow Asset With High In-Place Occupancy (99.1%)
  • Facility Benefits From Very Strong Storage Rental Rates and the Facility’s Trade Area Offers Room to Push Rents, Especially on Larger Sizes
  • Boutique Self Storage Property Located in the High-Growth Market of Asheville, NC
  • Facility is 100% Climate Controlled
  • Very Strong Average Household Income of $90,256 Within 3-Miles of the Property
  • High Barrier to Entry Market Contributes to Limited Immediate Competition
  • Located Just Off I-26 in Asheville Which Sees Over 61,935 VPD
  • Close Proximity to Downtown Asheville and Many Affluent Neighborhoods
  • Nearby Asheville Airport Expanding From Seven to Twelve Terminals

In Cooperation With: Sands Investment Group North Carolina, LLC – Lic. # 29362 BoR: Amar Goli- Lic. # 310575

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The Peaks | Asheville, NC

Sands Investment Group is Pleased to Present Exclusively For Sale the Brand New Construction NNN Multi-Tenant Center Located in Asheville, North Carolina.

PRIDE OF OWNERSHIP OPPORTUNITY:

  • 100% Occupied Three Tenant Building With Triple Net (NNN) Leases – Minimal Landlord Responsibilities
  • All Tenants Benefit From 10 Year Leases Which Commenced in 2019 and Have Two (2) Five Year Term Extension Options
  • New Construction Building Completed in 2018
  • Growing NOI and Hedging Against Inflation With Attractive Rent Increases on All Three Leases
  • Personal Guarantee on Rise Southern Biscuits & Righteous Chicken Lease
  • Franchisee Guarantee on Blaze Pizza Lease
  • Passive Investment Ideal For Out-of-State Investors
  • Location Benefits From Dedicated Drive-Thru Providing Additional Customer Convenience and Opportunity to Increase Sales Revenue

DOMINANT MARKET POSITION:

  • The Peaks is a Newly Developed Retail Center With National Credit Tenants Including Chick-fil-A and Panera Bread
  • Neighboring Parcels Under Development For Future Retailers
  • High Profile Location Along Dense Growth (Residential and Retail) Corridor in Asheville, NC
  • Located Across From Asheville Mall (974,399 SF) With Select National Credit Tenants Including Dillard’s, JCPenney, Barnes & Noble, Old Navy, Belk, Ulta – Asheville Mall is Slated For Redevelopment
  • Strategic Positioning With Direct Access to the Newly Developed Asheville Market With National Credit Tenants Including Whole Foods, DSW Shoe Warehouse, Guitar Center and More
  • The Asheville Market Sees Over 10 Million Visitors Annually and Generates Over 2.5 Billon in Gross Revenue in Business Sales Each Year
  • Less Than 3-Miles From Biltmore Estate and Biltmore Village – Tourist Destination That Garners Over 1 Million Visitors Annually
  • 5-Miles From UNC Asheville Campus – Student Enrollment of Over 3,600 People

HIGH TRAFFIC LOCATION WITH STRONG VISIBILITY:

  • Ideally Positioned Along Tunnel Road With Visibility From I-240, Tunnel Road and S Tunnel Road
  • Tunnel Road Corridor is the Number 1 Retail Corridor in Western North Carolina
  • Three Signalized Intersections Surrounding Shopping Center Giving Multiple Points of Entry For Easy Ingress and Egress
  • Close Proximity to I-40 & I-240 Interchange
  • Prominent Signage Along Tunnel Road
  • Location Benefits From Additional Traffic From Proximity and Cross Access Easement to Additional National Retailers

DEMOGRAPHICS:

  • Located in the Principal City of Asheville MSA With a Population of 462,067 Residents
  • Population of 210,500 People Within a 10-Mile Radius and Over 92,900 People Within a 5-Mile Radius
  • Growing Trade Area – Population Within 3-Miles is Anticipated to Grow by 5.21% Over the Next 5 Years
  • Over 22,982 Vehicles Travel Along Tunnel Road Daily
  • Interchange of I-240 and Tunnel Road Sees Traffic Counts Exceed 82,332 Vehicles Daily
  • Affluent Demographics With Large Customer Base
  • Consumer Spending on Food and Restaurant Dining Exceeds $576,000 Annually Within a 10-Mile Radius of Panera
  • Forbes Listed Asheville Among the ”15 Coolest Places to Go” in 2018

In Cooperation With Sands Investment Group – North Carolina, LLC Lic. # 29362

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Panera Bread | Asheville, NC

Sands Investment Group is Pleased to Present the Panera Bread NNN Lease Investment Opportunity Located in The Peaks Center in Asheville, North Carolina.

BEST OF CLASS INVESTMENT

  • Triple Net (NNN) 15 Year Lease With Minimal Landlord Responsibilities
  • Brand New Construction Stand Alone Building With Fall 2019 Anticipated Opening Date
  • Growing NOI and Hedging Against Inflation With Attractive Rent Increases – 10% Every 5 Years and At Options
  • Strong Brand Recognition – Panera Bread is One of the Fastest-Growing Chains
  • Franchisee Guarantee – Dalcan, LLC – a Subsidiary of Covelli Enterprises – the Largest Panera Bread Franchisee in the Country
  • Covelli Enterprises Operates Over 315 Locations Across 8 States Nationwide
  • Benefits From Dedicated Drive-Thru Providing Additional Customer Convenience and Opportunity to Increase Sales Revenue

DOMINANT MARKET POSITION

  • The Peaks is a Newly Developed Retail Center With National Credit Tenants Including Chick-fil-A, Sleep Number, Blaze Pizza and Rise Southern Biscuits & Righteous Chicken
  • Neighboring Parcels Under Development For Future Retailers
  • High Profile Location Along Dense Growth (Residential and Retail) Corridor in Asheville, NC
  • Located Across From Asheville Mall (974,399 SF) With Select National Credit Tenants Including Dillard’s, JCPenney, Barnes & Noble, Old Navy, Belk, Ulta – Asheville Mall is Slated For Redevelopment
  • Strategic Positioning With Direct Access to the Newly Developed Asheville Market With National Credit Tenants Including Whole Foods, DSW Shoe Warehouse, Guitar Center and More
  • The Asheville Market Sees Over 10 Million Visitors Annually and Generates Over 2.5 Billon in Gross Revenue in Business Sales Each Year
  • Less Than 3-Miles From Biltmore Estate and Biltmore Village – Tourist Destination That Garners Over 1 Million Visitors Annually
  • 5-Miles From UNC Asheville Campus – Student Enrollment of Over 3,600 People

HIGH TRAFFIC LOCATION WITH STRONG VISIBILITY

  • Ideally Positioned Along Tunnel Road With Visibility From I-240, Tunnel Road and S Tunnel Road
  • Tunnel Road Corridor is the Number 1 Retail Corridor in Western North Carolina
  • Three Signalized Intersections Surrounding Shopping Center Giving Multiple Points of Entry For Easy Ingress and Egress
  • Close Proximity to I-40 & I-240 Interchange
  • Prominent Signage Along Tunnel Road
  • Location Benefits From Additional Traffic From Proximity and Cross Access Easement to Additional National Retailers

DEMOGRAPHICS

  • Located in the Principal City of Asheville MSA With a Population of 462,067 Residents
  • Population of 210,500 People Within a 10-Mile Radius and Over 92,900 People Within a 5-Mile Radius
  • Growing Trade Area – Population Within 3-Miles is Anticipated to Grow by 5.21% Over the Next 5 Years
  • Over 22,982 Vehicles Travel Along Tunnel Road Daily
  • Interchange of I-240 and Tunnel Road Sees Traffic Counts Exceed 82,332 Vehicles Daily
  • Affluent Demographics With Large Customer Base
  • Consumer Spending on Food and Restaurant Dining Exceeds $576,000 Annually Within a 10-Mile Radius of Panera
  • Forbes Listed Asheville Among the ”15 Coolest Places to Go” in 2018

In Cooperation With Sands Investment Group North Carolina, LLC Lic. # 29362

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Read additional thought leadership content from SIG, specializing in absolute triple net lease opportunities