This Retail Property is Off-Market.

300 Airport Road
Asheville, NC 28704 ·

16,880 SF · Retail For Sale

N/A

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Shops at Rutledge Commons

Price N/A Cap Rate 7.75%
Gross Leasable Area 16,880 SF Occupancy 100%
Property Type Retail Tenancy Multiple
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

Description

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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300 Airport Road, Asheville, NC 28704

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