148 Tunnel Rd

The Boulder Group is pleased to exclusively market for sale a multi-tenant net leased property located in Asheville, North Carolina. The property

is 100% leased to The Vitamin Shoppe and America’s Best Contacts & Eyeglasses. Additionally, there is a fully leased billboard on the premises

providing additional income to the landlord. The Vitamin Shoppe has been operating at this location since it’s construction in 2011 while America’s

Best opened in 2015. All tenants have scheduled rental increases throughout the leases. The subject asset is positioned in a market where vacancy

is less than 2% according to CoStar.

The 6,700 square-foot building benefits from its position along Tunnel Road which experiences 17,000 vehicles per day and connects the property

to downtown Asheville. The property also located just off Interstate 240 (76,000 VPD). There are 93,409 people living within a five-mile radius of the

subject. The average household income within the same bounds is $104,199. The subject asset is surrounded by three nationally tenants shopping

centers: Asheville Mall, Innsbruck Mall, and Asheville Market. These centers draw continual traffic through the corridor which the subject benefits

from. Notable tenants occupying the corridor include Whole Foods, Big Lots, HomeGoods, JCPenney, TJ Maxx, Chick-Fil-A, Red Lobster, McDonald’s,

Verizon, Cracker Barrel, and many others.