51 Sweeten Creek Road in Asheville, NC 28803
$975,000
Community: Asheville in Buncombe County
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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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Directions: From Biltmore Village head South on Brook St., after it turns into Sweeten Creek Road continue a short distance South of Hillman Beer and the property is on your Right.
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