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1269 Tunnel Rd 6,300 SF 100% Leased Retail Building Asheville, NC 28805 $1,600,000 ($253.97/SF) 7.50% Cap Rate
Investment Highlights
- Resilient unit size applicable for a wide range of uses
- Annual base rental rate escalations keep your investment growing
- Majority NNN leases hedge against operating expense inflation
Executive Summary
Legacy Business Park, located at 1269 Tunnel Road in Asheville, NC, is a fully stabilized ±6,300 SF retail center anchored by a national pizza brand and a diverse mix of five additional established tenants. Offered at $1,600,000, the property features a high-visibility location on the US 70 corridor with approximately 411 feet of frontage, situated less than a mile from both I-40 and the Asheville VA Medical Center. This 100% occupied asset, built in 2003, provides a resilient income stream supported by a synergistic tenant base including medical, fitness, and retail users.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,300 SF
Building Class
C
Year Built
2003
Price
$1,600,000
Price Per SF
$253.97
Cap Rate
7.50%
NOI
$120,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.62 AC
Zoning
HB - Highway Business
Parking
28 Spaces (4.44 Spaces per 1,000 SF Leased)
Frontage
180’ on Tunnel Rd
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Bembe Latin Dance
- -
- -
-
$9.99
-
Lorem Ipsum
- -
- Prestige Patient Transport
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Third Eye Tattoo LLC
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Bembe Latin Dance | - | - | $9.99 | Lorem Ipsum | - | |
| Prestige Patient Transport | - | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Third Eye Tattoo LLC | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 9668-76-1134-00000 | Improvements Assessment | $389,300 |
| Land Assessment | $439,100 | Total Assessment | $828,400 |
Property Taxes
Parcel Number
9668-76-1134-00000
Land Assessment
$439,100
Improvements Assessment
$389,300
Total Assessment
$828,400
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1269 Tunnel Rd
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