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9 FALLEN SPRUCE DR
ASHEVILLE, NC 28806
Asking Price
$1.75M
Cap Rate
5.8%
Asset Type
Shopping Center Retail
Class
Class B
What's Special
Six-Unit NNN Retail Center | Stable Income & Value-Add Potential <ul><li><span style="color: rgba(51, 51, 51, 1)">Six-unit neighborhood retail center in a highly accessible northwest Asheville location</span></li><li><span style="color: rgba(51, 51, 51, 1)">Stable in-place income with long-term tenants and NNN lease structure</span></li><li><span style="color: rgba(51, 51, 51, 1)">One available vacancy provides immediate value-add and lease-up opportunity</span></li><li><span style="color: rgba(51, 51, 51, 1)">Conveniently located just off New Leicester H
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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542
