PROPERTY OVERVIEW PROPERTY HIGHLIGHTS. 2,340 SF Convenience Store. 3,508 SF Three Unit Strip Center. U-Haul Business. Sunoco Branded Gas Station

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1 RETAIL FOR SALE 5990 Asheville Highway, Hendersonville, NC OFFERING SUMMARY SALE PRICE: $1,350,000 LOT SIZE: 0.75 Acres YEAR BUILT: 1980 BUILDING SIZE: 5,848 SF RENOVATED: 2018 C-2 Commercial ZONING: Primary PROPERTY OVERVIEW Gas Station Convenience Store with U-Haul Business, Billboard, and a three (3) unit Retail Strip Center PROPERTY HIGHLIGHTS 2,340 SF Convenience Store 3,508 SF Three Unit Strip Center U-Haul Business Sunoco Branded Gas Station Bill board Interstate Exit Adjacent to Burger King Motivated Seller Bring All Offers PRICE / SF: $ KW COMMERCIAL 404 South Main Street Hendersonville, NC BOB MACKAY, CCIM Real Estate Advisor 0: C: bmackay@ccim.net NC # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. ccim.kw.com/

2 RETAIL FOR SALE 5990 Asheville Highway, Hendersonville, NC KW COMMERCIAL 404 South Main Street Hendersonville, NC BOB MACKAY, CCIM Real Estate Advisor 0: C: NC # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. ccim.kw.com/

3 RETAIL FOR SALE 5990 Asheville Highway, Hendersonville, NC KW COMMERCIAL 404 South Main Street Hendersonville, NC BOB MACKAY, CCIM Real Estate Advisor 0: C: NC # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. ccim.kw.com/

4 RETAIL FOR SALE 5990 Asheville Highway, Hendersonville, NC POPULATION 1 MILE 5 MILES 10 MILES Total population 1,784 46, ,367 Median age Median age (male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households ,925 63,459 # of persons per HH Average HH income $63,854 $62,031 $64,982 Average house value $205,875 $182,947 $223,451 * Demographic data derived from 2010 US Census KW COMMERCIAL 404 South Main Street Hendersonville, NC BOB MACKAY, CCIM Real Estate Advisor 0: C: bmackay@ccim.net NC # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. ccim.kw.com/

5 RETAIL FOR SALE 5990 Asheville Highway, Hendersonville, NC KW COMMERCIAL 404 South Main Street Hendersonville, NC BOB MACKAY, CCIM Real Estate Advisor 0: C: NC # We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction. ccim.kw.com/

6 GIS AERIAL SHOWING SUBJECT AND ENVIRONS 13

7 DESCRIPTION OF THE IMPROVEMENTS The property is improved with a one-story, masonry, convenience store, and a frame strip building suitable for office and/or retail occupancy. Each improvement is described below. CONVENIENCE STORE Area: Foundation: Frame: Floor Structure: Ceiling: Interior Construction: Plumbing: HVAC: Electrical: Exterior Walls: Roof: Site Improvements: Physical measurement indicates a building area of 2,352 square feet. The foundation is typical continuous concrete footers supporting the slab and bearing walls. The building structure is masonry bearing walls. The floor structure is concrete slab. Floor cover is ceramic tile throughout most of the building with the exception of space under and behind the coolers and in the storage area. Ceiling finish is 2 ft. x 2 ft. square acoustic panels in a suspended grid. Though not readily visible, adequate insulation is assumed. Interior construction includes sheetrock wall surfaces with the only partitioning being between the restrooms and the area around the coolers and store room at the rear. There are six plumbing fixtures including a wall basin and commode for each restroom, a utility sink and water heater. The building is heated and cooled by propane-fired forced warm air and electric air conditioning. As nearly as can be reasonably determined, electric service is a 120/208-volt, 3-phase, 4-wire system with 200 amp and 100 amp panels adequate for current operations at the subject. Lighting is recessed fluorescent fixtures throughout. Electric service is adequate to accommodate petroleum and cooler equipment. Exterior walls are eight-inch block with painted stucco finish on all sides. Three corners have block off-sets creating a depth and character to the building enhancing the otherwise plain appearance. Plate glass windows are situated along the entire front of the building and one-half of the south side. The roof structure is reportedly wood joists and wood decking with a built-up roof with membrane cover. The site is developed with paved parking for 16 spaces. Petroleum equipment includes two 10,000 gallon underground fuel storage tanks, and one 8,000 gallon tank. Dispensing equipment includes three multi-product dispensers, and two double-hose single-product dispensers, four submersible pumps are assumed. The fuel canopy is a 3,275 square foot steel structure with ten support columns, 14

8 steel ceiling and roof cover, and 30 halogen lights. A billboard is situated at the north end of the property. This item is not affected by the taking and has not been included in the valuation. Assessor records indicate that the building was constructed in Improvements are in generally average condition. Notable items of disrepair include the need for touch up paint, cleaning of various finish surfaces and exterior walkways, etc. Ceiling replacements would likely be part of a significant renovation project. However, the roof has reportedly been replaced and the interior partially renovated in the last two years. The fuel canopy has received a new roof, ceiling and lighting in within the last two years. Paving is in generally average condition. Therefore, the effective age is slightly less than the chronological age of 28 years, and is estimated at 25 years. The Marshall & Swift Cost Service maintains experience data on building life expectancies by type, and shows that the typical life expectancy for good quality, Class C, convenience stores is around 45. Therefore, the remaining life expectancy is estimated at around 20 years. 15

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10 STRIP OFFICE/RETAIL Area: Physical measurement indicates that the total building area is 3,623 square feet. This is an irregularly shaped building with two wings constructed at a 45 degree angle approximating the northern property line. Foundation: Frame: Floor Structure: Ceiling: Interior Construction: Plumbing: HVAC: Electrical: Exterior Walls: Roof: The foundation is typical continuous concrete footers supporting the slab and exterior bearing walls. The building structure is wood frame. Most of the floor structure is concrete slab. An addition to the rear is wood on a crawl space. At the time of the inspection, the right side floor was finished with vinyl tile. Other areas had exposed concrete. Ceiling finish is textured and painted sheetrock throughout. Interior construction includes painted sheetrock walls with average quality doors and trim. There are approximately ten plumbing fixtures throughout including a restroom with wall basin and commode in each restroom, and two water heaters. The building is heated and cooled by forced warm air and electric air conditioning. Electric service could not be verified but is assumed to be a singlephase, 200 amp system with circuit breaker panels. Lighting is strip fluorescent fixtures throughout. Exterior walls are wood frame with rough sawn, four inch, painted wood lap siding. Fixed pane windows are situated along the front of the building. The roof structure is a gable configuration with composition shingle cover. The roof extends four feet beyond the front of the building to provide a covered walkway along the front entrances. Assessor records indicate that the building was constructed in The property is undergoing interior remodeling and renovation with the wall finishes in good condition, and new floor covering needed. The front side of the exterior appears to have recently been repainted, and the roof cover appears to have been recently installed. Therefore, the effective age is estimated to be less than the chronological age of 38 years, and is estimated at 20 years. The Marshall Valuation Service shows the life expectancy of an average Class D office or retail store at 40 years, indicating a 20 year remaining life expectancy. 17

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