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645 Haywood Road
Asheville, NC 28806
Asking Price
$750K
Cap Rate
6%
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
Haywood Rd Corridor -Two buildings fully leased <p><strong>Two established tenants in a 1st generation renovated buildings .</strong></p><p><strong style="color: rgba(0, 0, 0, 1)">Current gross annual income is $54,000 with approximately four years remaining on existing leases plus renewal options and built-in 3% annual rent escalations providing immediate cash flow with steady upside. Opportunities to acquire stabilized assets in this high-demand Haywood Road corridor are exceptionally rare, making this an ideal long-term hold for investors
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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911
