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160 Coolridge St
Hendersonville, NC 28792

$3,662,470 USD

Fast Food For Sale  •  4,116 SF

Property Details

• Property Type Fast Food
• Total Building Size 4,116 SF
• Lot Size 1.1 AC
• Building Class B
• Year Built 2020
• Cap Rate 5.75 %
• Tenancy Single
• Zoning C-3

50 Walk Score

Highlights

Irreplaceable Market Positioning – Property is situated along the prime retail corridor in the city with daily traffic counts that exceed ±36,000 VPD

On-Site Tesla Ev Chargers – The property features 12 on-site Tesla Superchargers that contribute directly to NOI, providing an additional diversified

Long Term Lease – With approximately ±10 years remaining on the Panera Bread lease, investors benefit from extended income certainty

Proximity To National Tenants – Property is strategically located in the city’s main retail corridor with proximity to national retailers

Nationally Recognized Tenant – Panera Bread is a nationally known fast-casual brand with over 2,000 locations nationwide

Strong Guaranty From Largest Panera Bread Franchisee – Covelli Enterprises is recognized as one of the best Panera Bread franchisees in the country

Cap Rate:

5.75 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Panera Bread

Public Transportation

Airport	Drive	Walk	Distance
Asheville Regional	15 min	-	10.5 mi
Greenville Spartanburg International	61 min	-	41.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes