GPM Investments Asheville, NC

1411 Tunnel Rd
Asheville, NC

Price: $1,864,000
Cap Rate: 7.30%
NOI: $136,079
Building Size: Approx. 2,920 Sq. Ft.
Lot Size: Approx. 0.94 Acres
Type: Single-Tenant / Retail
Sub Category: Convenience / Gas
Year Built: 1988

Investment Overview

  • 2,920+/- SF Building on 0.94+/- Acre Site
  • 15-Year Absolute NNN Lease w/ 4 Yrs Remaining on Initial Term
  • Located Along Tunnel Road (18K VPD) Directly Off I-40 (60K VPD), Exit 55
  • Near Waffle House, Arby’s, Citgo, Family Dollar, Bojangles, Domino’s
  • Asheville Ranked #6 on the “Top Best Places to Live in U.S.” list by Livability.com
  • Strong Income Demos with $72,078 within a 3-mile Radius
  • Asheville | Buncombe County | Population: 93,500+