|GROSS LEASABLE AREA||147,184 SQFT|
|LAND AREA||14.47 acres|
|SELLER||Estate of Edward I. Greene|
Tractor Supply Company
|CLOSING ISSUES||Termination Options
Eight offers were generated on this property shortly after going to market. The property sits directly across from the Asheville Mall, in the retail hub of Western North Carolina. The investment provided low risk, long-term upside, and tremendous short-term potential. Kmart was under bankruptcy protection and posted dropping sales, but its rental rate was substantially below market. The purchaser recently negotiated a lease termination with Kmart and is redeveloping the center with Whole Foods Market as the new anchor.