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3334 Asheville Rd 5,077 SF Retail Building Waynesville, NC 28786 $1,370,000 ($269.84/SF) 7.01% Cap Rate

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EXECUTIVE SUMMARY

*** 10/21/25 UPDATE ***
-- The property is UNDER CONTRACT
-- There is still a lease in place with the current tenant (*** Please contact list broker for additional details ***)
-- Pricing has been based upon a NNN investment sale -- 7.01% Cap with $96,000 in-place NOI (*** Please contact list broker for additional details ***)

PROPERTY FACTS Under Contract

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,077 SF
Year Built
2019
Price
$1,370,000
Price Per SF
$269.84
Cap Rate
7.01%
NOI
$96,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
2.65 AC
Zoning
Commercial - Haywood County has no zoning for property outside the defined zoning districts; Shoney's is zoned "Commercial" per county highest/best use definition
Parking
68 Spaces (13.39 Spaces per 1,000 SF Leased)
Frontage
415’ on Asheville Road

AMENITIES

  • Freeway Visibility
  • Restaurant
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • 5,077 SF
  • -
  • Triple Net
  • Jul 2038

Shoney’s is Today’s All-American Kitchen. They've grown a lot since their first location opened doors in 1947. Today, Americans can find Shoney’s restaurants in 16 states. Their warm, welcoming environment keeps generations coming back for another serving. Generations have come to know Shoney’s as an American favorite for family dining. That’s because their guests can count on them for quality, delicious food and warm friendly service, every visit. This consistency to high standards is only possible through a culture of core values instilled in their people. Fresh Food. Family First. Community Focused. It’s as simple as that. They not only believe in these, they live them.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services 5,077 SF - Triple Net Jul 2038

NEARBY MAJOR RETAILERS

9Round
Food Lion

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 8626-17-4407
  • 8626-17-5658
Land Assessment
$341,900
Improvements Assessment
$843,100
Total Assessment
$1,185,000
  • Listing ID: 35789064

  • Date on Market: 5/8/2025

  • Last Updated:

  • Address: 3334 Asheville Rd, Waynesville, NC 28786

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