300 Airport Road
Asheville, NC 28704 ·
16,880 SF · Retail For Sale
Shops at Rutledge Commons
|Gross Leasable Area||16,880 SF||Occupancy||100%|
|Property Sub-type||Strip Center||Lot Size||1.90 SF|
|Property Use Type||Net Lease Investment with 10+ years left on lease|
|Listing ID: 15399993||Date Created: 10/22/2007||Last Updated: 08/04/2008|
Shops at Rutledge Commons in Asheville, North Carolina is a 100% leased new construction retail center being offered together to investors at $5,923,000 representing a 7.75% Cap Rate. The leases are NNN with all operating expenses, including management fees, passed through to the tenant.
The Shops at Rutledge Commons is well located on Airport Road (27,000
cars daily) between the new Southridge Shopping center (Target and Lowes Anchored) and the new Walmart Supercenter (scheduled to open Sept. 08') to the East. The center is the only strip center between the two developments and sits at a signalized intersection. This center was constructed in last half of 2007 and is an attractive, well-maintained, modern shopping center situated in the heart of the one fastest growing areas of the Southeast.
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