Historical Retail Sale Listing - Shops at Rutledge Commons

Retail For Sale

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Shops at Rutledge Commons

300 Airport Road, Asheville, NC 28704

N/A

16,880 SF | Retail

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Retail Property - Off Market

Price:
N/A
Gross Leasable Area:
16,880 SF
Property Type:
Retail
Property Sub-type:
Strip Center
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
7.75%
Occupancy:
100%
Tenancy:
Multiple
Lot Size:
1.90 SF
Listing ID
15399993
Last Updated
over 1 year ago

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.

Map of 300 Airport Road, Asheville, NC 28704 (Buncombe County)

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Created 10/22/2007