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Joe Hudson's Collision Center - Asheville, NC 465 N Louisiana Ave 25,381 SF Retail Building Asheville, NC 28806 $5,396,553 CAD ($212.62 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple Net (NNN) Lease with ~4 years of initial term remaining.
- Strong corporate guarantee - Joe Hudson’s (JHCC) is one of the “Big 5” consolidators in the collision industry with 250+ locations nationwide.
- In 2019, TSG Consumer Partners, a leading private equity firm with over $9B in total assets, acquired a majority stake in the company.
- This location has a 65-year operating history as a collision center.
- Current base rent sits at $10.37/SF.
- According to Citizen Times, Asheville ranks No. 2 in the country for the highest planned move-in versus move-out ratio.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 25,381 SF Joe Hudson's Collision Center located at 465 North Louisiana Ave in Asheville, NC. This deal includes an Absolute Triple Net (NNN) Lease with long-term operating history; this location is positioned in an opportunity zone, providing investors with stable, passive income backed by a longstanding operator in a strategic market.
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
In Cooperation With Sands Investment Group North Carolina, LLC - Lic. #29362 BoR: Chris Sands - Lic. NC #300021
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
25,381 SF
Year Built
1985
Price
$5,396,553 CAD
Price Per SF
$212.62 CAD
Cap Rate
6.75%
NOI
$364,267 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.57 AC
Opportunity Zone
Yes
Zoning
CS
Frontage
265’ on North Louisiana Avenue
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Joe Hudson's Collision Center
- Retailer
- 25,381 SF
- $14.35 CAD
- Aug 2029
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Joe Hudson's Collision Center | Retailer | 25,381 SF | $14.35 CAD | Aug 2029 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 9639-20-4673-00000 | Improvements Assessment | $784,726 CAD |
| Land Assessment | $631,447 CAD | Total Assessment | $1,416,173 CAD |
PROPERTY TAXES
Parcel Number
9639-20-4673-00000
Land Assessment
$631,447 CAD
Improvements Assessment
$784,726 CAD
Total Assessment
$1,416,173 CAD
CONTACTS
-
Clayton Coassin -
Gary Berwick -
Bryce Pugh -
Andrew Adam -
Sands Investment Group, NC
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Joe Hudson's Collision Center - Asheville, NC | 465 N Louisiana Ave
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