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2025-Build w/ Jersey Mikes & Leasing Upside 31 Berry Blvd 5,000 SF 30% Leased Retail Building Online Auction Sale Franklin, NC 28734
Investment Highlights
- 31 Berry Boulevard is a 5,000-square-foot multi-tenant retail building delivered in 2025 with an adjacent pad site on 2.13 acres zoned B2.
- The neighboring Chick-fil-A ranks in the top 2% of locations nationwide and the adjacent Aldi in the top 24% per Placer.ai.
- Franklin is Macon County's primary retail hub, serving 38,000 residents, with limited developable land and additional demand from nearby cities.
- Jersey Mike’s has committed to 1,500 square feet, creating co-tenancy momentum and immediate income while two shell-condition suites remain available.
- Fronts the US-64/US-441 corridor at 23,000 vehicles per day with signalized access and full visibility from Western NC's primary north-south route.
- Proximity to Downtown Franklin, area hotels, breweries, outdoor recreation, and year-round tourism supports strong customer traffic diverse sources.
Executive Summary
Atlantic Capital Partners has been exclusively engaged to offer for sale Berry Boulevard Center in Franklin, NC, a 5,000-square-foot
multi-tenant retail center located at 31 Berry Boulevard in Franklin, North Carolina. The property is 30% leased to Jersey Mike’s and has 3,500 square feet of vacancy that can be carved out for one or two additional tenants.
The center was constructed in 2025 and fronts the US-64/US-441 corridor at 23,000 vehicles per day, positioned directly adjacent to the Walmart Supercenter on Dowdle Mountain Road within Macon County’s dominant retail node. The corridor has attracted a wave of
new national development including Chick-fil-A, Starbucks and Aspen Dental, confirming the trade area’s strength among credit retailers. Franklin serves as the county seat and primary retail hub for Macon County’s 38,000 residents, drawing additionally from the Highlands and Cashiers second-home markets 17 miles east and from adjacent Rabun County, Georgia, within a trade area that extends across the North Carolina–Georgia line.
Adding to the property's appeal, there is an existing 1.39-acre pad included within the parcel with grading and utilities in place. Ideally zoned B2, this pad provides flexibility for future expansion or complementary development.
Berry Boulevard Center benefits from a Walmart Supercenter shadow anchor and proximity to Aldi, Starbucks, Chick-fil-A, and other established retailers that drive consistent consumer traffic. Located just off Sylva Road/Highway 23, with traffic counts exceeding 23,000 vehicles per day, the property offers excellent visibility and accessibility. Its position near hospitality destinations, trailheads, breweries, and Downtown Franklin's shops, restaurants, and cultural attractions supports year-round demand from both residents and visitors. Combining new construction, in-place tenancy, lease-up potential, and surplus land, 31 Berry Boulevard offers a compelling investment opportunity within one of Western North Carolina's most active retail corridors.
Property tours are available by appointment only. Please contact the listing broker to schedule.
multi-tenant retail center located at 31 Berry Boulevard in Franklin, North Carolina. The property is 30% leased to Jersey Mike’s and has 3,500 square feet of vacancy that can be carved out for one or two additional tenants.
The center was constructed in 2025 and fronts the US-64/US-441 corridor at 23,000 vehicles per day, positioned directly adjacent to the Walmart Supercenter on Dowdle Mountain Road within Macon County’s dominant retail node. The corridor has attracted a wave of
new national development including Chick-fil-A, Starbucks and Aspen Dental, confirming the trade area’s strength among credit retailers. Franklin serves as the county seat and primary retail hub for Macon County’s 38,000 residents, drawing additionally from the Highlands and Cashiers second-home markets 17 miles east and from adjacent Rabun County, Georgia, within a trade area that extends across the North Carolina–Georgia line.
Adding to the property's appeal, there is an existing 1.39-acre pad included within the parcel with grading and utilities in place. Ideally zoned B2, this pad provides flexibility for future expansion or complementary development.
Berry Boulevard Center benefits from a Walmart Supercenter shadow anchor and proximity to Aldi, Starbucks, Chick-fil-A, and other established retailers that drive consistent consumer traffic. Located just off Sylva Road/Highway 23, with traffic counts exceeding 23,000 vehicles per day, the property offers excellent visibility and accessibility. Its position near hospitality destinations, trailheads, breweries, and Downtown Franklin's shops, restaurants, and cultural attractions supports year-round demand from both residents and visitors. Combining new construction, in-place tenancy, lease-up potential, and surplus land, 31 Berry Boulevard offers a compelling investment opportunity within one of Western North Carolina's most active retail corridors.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Plans for Vacant Parcel
- Survey
- Site Plan
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
2025
Percent Leased
30%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.05
Lot Size
2.13 AC
Parcel Number
6594531941
Zoning
B2 - Business
Parking
26 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
239’ on Berry Dr
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
928
10,477
19,016
2020 Population
1,001
11,193
20,048
2030 Population
938
10,622
19,339
2025-2030 Projected Population Growth
1.1%
1.4%
1.7%
Daytime Employees
1,107
8,494
10,265
Total Businesses
145
1,260
1,555
Average Household Income
$64,656
$68,309
$67,526
Median Household Income
$46,979
$47,223
$51,152
Total Consumer Spending
$11.3M
$122.1M
$223.8M
Median Age
44.3
45.3
46.6
2025 Households
420
4,564
8,279
Percent College Degree or Above
13%
14%
14%
Average Home Value
$363,520
$309,219
$300,778
Nearby Major Retailers
Sale Advisors
Sale Advisors
David Hoppe, Head of Net Leases Sales
David joined Atlantic Retail in 2019 as an Investment Advisor in the Charlotte office. Coming from previous jobs with three of the world’s largest real estate firms, David brings a wealth of knowledge, experience and best practices to Atlantic in order help our clients facilitate 1031/1033 tax-exchanges, advertise and sell Shopping Centers and Triple-Net (NNN) Assets, and conduct Sale-Leaseback transactions for private and institutional property owners. David’s clients include National & Regional Developers, High Net Worth Investors, Public REITs, and numerous Real Estate Funds & Partnerships.
David is a South Carolina native and a proud alumnus of Clemson University. He is an avid sports & fitness enthusiast, so much of his free time is spent working out at the gym, playing golf or basketball, and running local trails around the city. David currently lives in Charlotte, NC with his wife, Courtney, but his business extends nationwide with property sales over the last two years in NC, SC, GA, FL, TN, VA, TX, AZ, CO, and NV.
David is a South Carolina native and a proud alumnus of Clemson University. He is an avid sports & fitness enthusiast, so much of his free time is spent working out at the gym, playing golf or basketball, and running local trails around the city. David currently lives in Charlotte, NC with his wife, Courtney, but his business extends nationwide with property sales over the last two years in NC, SC, GA, FL, TN, VA, TX, AZ, CO, and NV.
Mike Lucier, Executive Vice President | Capital Markets
Charlotte
Mike serves as Executive Vice President at Atlantic Capital Partners, where he handles the disposition and acquisition of both single and multi-tenant properties. With over 19 years’ experience in commercial real estate, he has held roles as a Partner at NetCapital, Managing Director at Berkeley Capital Advisors, and First Vice President at CBRE. Mike is a seasoned investment sales professional, offering a unique perspective to both buyers and sellers, through his experience doing site selection for major national tenants. His commitment to building and nurturing relationships has been instrumental in helping clients successfully navigate property transactions across the country, spanning NC, SC, VA, GA, TN, FL, PA, OH, IN, and TX.
Mike graduated from Virginia Tech and received his M.B.A. in Real Estate Finance and Development from the University of North Carolina Charlotte. Mike enjoys spending time with his wife and 2 children, travelling and playing golf.
Mike serves as Executive Vice President at Atlantic Capital Partners, where he handles the disposition and acquisition of both single and multi-tenant properties. With over 19 years’ experience in commercial real estate, he has held roles as a Partner at NetCapital, Managing Director at Berkeley Capital Advisors, and First Vice President at CBRE. Mike is a seasoned investment sales professional, offering a unique perspective to both buyers and sellers, through his experience doing site selection for major national tenants. His commitment to building and nurturing relationships has been instrumental in helping clients successfully navigate property transactions across the country, spanning NC, SC, VA, GA, TN, FL, PA, OH, IN, and TX.
Mike graduated from Virginia Tech and received his M.B.A. in Real Estate Finance and Development from the University of North Carolina Charlotte. Mike enjoys spending time with his wife and 2 children, travelling and playing golf.
Ben Olmstead, Associate
Charlotte
Ben joined Atlantic Capital Partners in 2023 as a Financial Analyst. Prior to joining Atlantic, Ben worked as an acquisition officer for a local real estate investment firm in Charlotte, NC, helping identify and source value-add retail opportunities. He also worked as an industrial leasing broker for a national brokerage firm. At both shops, Ben has advised various multi-family clients on land acquisition across the Southeast.
At Atlantic, Ben works with the Investment Services team underwriting Single Tenant, Multi-Tenant, and Shopping Center assets, conducting market research, and supporting the sales team in the acquisition and disposition of net leased assets. As a Charlotte native and a graduate of the University of South Carolina, Ben has spent the majority of his life in the Carolinas. Outside of work, he enjoys playing pickleball, golf, soccer, and spending time with his friends and family.
Ben joined Atlantic Capital Partners in 2023 as a Financial Analyst. Prior to joining Atlantic, Ben worked as an acquisition officer for a local real estate investment firm in Charlotte, NC, helping identify and source value-add retail opportunities. He also worked as an industrial leasing broker for a national brokerage firm. At both shops, Ben has advised various multi-family clients on land acquisition across the Southeast.
At Atlantic, Ben works with the Investment Services team underwriting Single Tenant, Multi-Tenant, and Shopping Center assets, conducting market research, and supporting the sales team in the acquisition and disposition of net leased assets. As a Charlotte native and a graduate of the University of South Carolina, Ben has spent the majority of his life in the Carolinas. Outside of work, he enjoys playing pickleball, golf, soccer, and spending time with his friends and family.
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Auction Contact
Victoria Quade
Contact
Ten-X Licensing:
Ten-X, LLC Samantha Corbat RE Brkr C34060. Ten-X, LLC Auction Firm 10478. NCALB Disclosure: Broker Contact is the Seller’s Real Estate Listing Agent providing real estate services only. Broker Contact is not acting as an Auctioneer.
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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2025-Build w/ Jersey Mikes & Leasing Upside | 31 Berry Blvd
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