Description
A fantastic investment opportunity right in the heart of the quickly growing Northern section of Sweeten Creek Rd. A very short distance from Biltmore Village, this area has seen many adaptive reuse projects taking place including this property. Secure tenant on a Net lease in place with a unique concept definitively Asheville. The front half of the building the tenant operates as a Yoga Studio while the rear portion is an off leash dog friendly bar with a roll up door and outdoor seating and play area. The tenant is currently on a three year lease with two options to renew at three years each and 2.5% rent increases each year. The current Net lease places this at a 7% cap. Significant renovations and buildout took place on the building in 2020. Contact listing broker for all showings, do not disturb tenant.
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0BEDS
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0.27ACRES
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0BATHS
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01/2 BATHS
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3,793SQFT
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$257$/SQFT
School Ratings & Info
Offered by Nai Beverly-Hanks. Copyright 2022 Canopy MLS. All rights reserved.Description
A fantastic investment opportunity right in the heart of the quickly growing Northern section of Sweeten Creek Rd. A very short distance from Biltmore Village, this area has seen many adaptive reuse projects taking place including this property. Secure tenant on a Net lease in place with a unique concept definitively Asheville. The front half of the building the tenant operates as a Yoga Studio while the rear portion is an off leash dog friendly bar with a roll up door and outdoor seating and play area. The tenant is currently on a three year lease with two options to renew at three years each and 2.5% rent increases each year. The current Net lease places this at a 7% cap. Significant renovations and buildout took place on the building in 2020. Contact listing broker for all showings, do not disturb tenant.
Based on information submitted to the MLS GRID as of 2022-06-28T23:33:03.897 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither BluAxis Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2022 Canopy MLS.
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