15 Rankin Ave
Asheville, NC 28801
Retail Property For Sale

Investment opportunity with stable, long term tenant in place in a prominent downtown Asheville location. Premium street level commercial space on high footfall street adjacent to Rankin Parking Garage. 5.45% cap rate. The tenant had an initial five year lease which ended on March 31 2020. The tenant had two options to renew for three years each. The tenant has elected to renew and has indicated in writing that they want to renew for the third term also. Current rent is $2,430.15 ($25.28/SF) and increases by 5% per year. Please contact listing agent for all showings, do not disturb tenant.