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148 TUNNEL RD
ASHEVILLE, NC 28805-1818
Asking Price
$3.39M
Cap Rate
7%
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
The Vitamin Shoppe & Americas Best | 100% Leased <p>STRATEGIC LOCATION & ACCESSIBILITY: The property is positioned along Tunnel Road (17,500 VPD), Asheville’s primary retail corridors, and sits adjacent to Interstate 240 (52,000 VPD), unlocking broad connectivity throughout the Asheville MSA. The site is a 5-minute drive to downtown Asheville and is surrounded by national retailers including Whole Foods, TJ Maxx, Lowe’s, Best Buy, Walmart, and Asheville Mall, generating continuous consumer traffic the asset directly benefits from.</p><p></p><p
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NOI
$80,000
Cap Rate
2.36%
DSCR
0.40
Underwater
Cash-on-Cash
-11.92%
Monthly Payment
$16,761.975
Annual Cash Flow
$-121,143.705
