28805 Archives | Sands Investment Group

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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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

View Similar Investment Opportunities

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