Property Description

This 100% leased shopping center represents a stabilized investment opportunity with durable in-place income and minimal near-term leasing risk. The rent roll is comprised of a complementary mix of national brands and high-performing franchise operators, led by a top-tier franchisee of Panera Bread – with 8 years of term left, and a corporate Sleep Number location, providing a strong credit foundation.

Moe’s Southwest Grill recently executed a new 10-year lease, extending weighted average lease term and enhancing income security, while Blaze Pizza—operated by a seasoned franchisee—features a modern buildout with indoor/outdoor seating that supports strong unit-level performance.

The property’s shared access and parking agreement with Chick-fil-A, one of the highest-volume quick-service brands in the U.S., generates consistent traffic flow and reinforces tenant sales productivity.

Features

Parking:: Parking Lot
Sewer:: Public Sewer
Waterfront Features:: None

Address Map

Country:: US
State:: NC
County:: Buncombe
City:: Asheville
Zipcode:: 28805
Street:: Peaks Center
Street Number:: 15-40
Street Suffix:: Lane
Longitude:: W83° 28' 29.5''
Latitude:: N35° 35' 2.4''
Directions:: The property is adjacent to I-240m, the interstate beltway around Asheville. It has immediate access and visibility from the interstate with 55,500 cars per day on the interstate and 21,000 per day in front of the property. The trade area is the retail hub of Asheville, with the Asheville Mall and global retailers like Target, Ross, TJ Maxx, Dick's, Wal-Mart and Lowes. Not to mention the adjacent Chic-Fil-A and Whole Foods which drive significant daily trips. Household density is strong in this area, the highest in the region.
Zoning:: UP