- For Sale $5,500,000
- Property Type Industrial - Warehouse/Distribution
- Property Size 83,706 SF
- Lot Size 6.55 Acre
- Year Built 1949
- Date Updated May 14, 2026
- HVAC Other
Description
Outstanding opportunity for investors. Long term lease. 83,700 SF Building on 6.5 acres with a single business/lease of surplus building materials. Business is 20 years old. Cap rate of 9%.Outstanding opportunity for investors. Long term lease. 83,700 SF Building on 6.5 acres with a single business/lease of surplus building materials. Business is 20 years old. Cap rate of 9%.
Highlights
- Additional gross income is from a Verizon-contracted cell tower.
- Currently, there is a 20-year lease, which is very advantageous to the landlord. Nineteen years remain on the lease.
- Pop’s Discount Building Materials has operated from this location for 20 years.
- The 83,706 SF building sits on a 6.55-acre parcel.
- The business’s main focus is doors, but it also sells flooring, cabinets, kitchen items, and windows.
- The only landlord expense is the real estate taxes.
- The tenant is responsible for all deferred maintenance.
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Contacts
Terry Peterson
NAI Beverly-Hanks
Location
Located at 195 Johnston Boulevard, Asheville, NC 28806, this property is part of the Echo Hills neighborhood and Asheville market.
Contact Listing Broker
Terry Peterson
NAI Beverly-Hanks
