The Peaks NNN Multi-Tenant Strip Center North Carolina

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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