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Merrimon Square 640 Merrimon Ave 1,350 SF of Retail Space Available in Asheville, NC 28804
Highlights
- Strong car traffic (21,000+/day)
- Highly visible from Merrimon, plus the center has a prominent monument sign
- Close to dense neighborhoods and UNC-A Campus
- Other tenants provide customer traffic
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 2nd Floor, Ste 203 | 1,350 SF | 9’ | 3-10 Years | $26.00 /SF/YR $2.17 /SF/MO $35,100 /YR $2,925 /MO | Triple Net (NNN) |
640 Merrimon Ave - 2nd Floor - Ste 203
Nicely built out as a fast food restaurant. Balanced space (prep, cooking, and seating). Cooking equipment in place is included in price while leasing. Great visibility from Merrimon Ave.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Fast Food Restaurant
- Located in-line with other retail
- Central Air and Heating
- Security System
- Drop Ceilings
- Finished Ceilings: 9’
- Display Window
- High car traffic street (21,000/day+)
- Very close to UNC-A campus entrance
- Other tenants act as market drivers
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at Merrimon Square
- Tenant
- Description
- US Locations
- Reach
- Great Clips
- Salon/Barber/Spa
- 5,624
- International
- Mother Ocean Market
- Gourmet Market
- 1
- Local
- Raven and Crone
- -
- 1
- -
- Speakeasy BJJ
- Rental and Leasing Services
- 1
- -
- The Hop
- Ice Cream
- 4
- Local
- Vapor World LLC
- Tobacco
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Great Clips | Salon/Barber/Spa | 5,624 | International |
| Mother Ocean Market | Gourmet Market | 1 | Local |
| Raven and Crone | - | 1 | - |
| Speakeasy BJJ | Rental and Leasing Services | 1 | - |
| The Hop | Ice Cream | 4 | Local |
| Vapor World LLC | Tobacco | 1 | Local |
Property Facts
| Total Space Available | 1,350 SF | Frontage | 212’ on Merrimon Ave |
| Center Type | Strip Center | Gross Leasable Area | 11,000 SF |
| Parking | 90 Spaces | Total Land Area | 3.00 AC |
| Stores | 16 | Year Built | 1990 |
| Center Properties | 1 | Cross Streets | Merrimon & Maney Ave. |
| Total Space Available | 1,350 SF |
| Center Type | Strip Center |
| Parking | 90 Spaces |
| Stores | 16 |
| Center Properties | 1 |
| Frontage | 212’ on Merrimon Ave |
| Gross Leasable Area | 11,000 SF |
| Total Land Area | 3.00 AC |
| Year Built | 1990 |
| Cross Streets | Merrimon & Maney Ave. |
About the Property
Very desirable shopping center for access and visibility, located near major populations. Two level building with surface parking in front and across the street. Located 1 mile north of the CBD.
- Signalized Intersection
Nearby Major Retailers
Presented by
Merrimon Square | 640 Merrimon Ave
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