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37 Biltmore Avenue Downtown Asheville, NC
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Former Restaurant Space For Lease
37 BILTMORE AVENUE Asheville, North Carolina
For Leasing Information Contact 828-277-9670 Office www.spakerealestate.com John Spake, CCIM 828-674-3372 Mobile [email protected]
Space Size 2,527 sq. ft.
Seats Count 70 (52 tables/18 bar)
FF&E goes with the lease of space
Trailing 12 mo. sales = $1,657,325
82.51% Dine-in $15.66 Guest Avg.
Was only open 5 days per week
Lease Term 10 year minimum
Renewals Two of 5 years
Monthly Rent $ 11,333.33 NNN
Escalations 10% each 5 years
Percentage Rent
8% over a natural breakpoint
THE RESTAURANT SPACE
37 BILTMORE AVENUE Asheville, North Carolina THE ASHEVILLE MARKET
IN 2016, ASHEVILLE HAD 10.8 MILLION VISTORS, A 5.2% INCREASE OVER 2015 AND VISITORS SPENT OVER $1.9 BILLON, A 6.7% INCREASE OVER 2015, GENERATING $2.9 MILLION IN ECONOMIC IMPACT SUPPORTING 26,700 JOBS. LARGEST CATEGORY OF TOURISM SUPPORT JOBS IS FOOD/BEVERAGE (27%).
For Leasing Information Contact 828-277-9670 Office www.spakerealestate.com John Spake, CCIM 828-674-3372 Mobile [email protected]
TOP 5 ACTIVITIES/EXPERIENCES ON AN OVERNIGHT TRIP - SHOPPING, LANDMARK/ HISTORIC SITE, FINE DINING, NATIONAL/STATE PARK & HIKING/BACKPACKING.
FOOD/BEVERAGE ACCOUNTED FOR MOST VISITOR SPENDING AT $520 MILLION, THEN RETAIL ($431 MILLION), LODGING ($426 MILLION), RECREATION ($265 MILLION).
37 BILTMORE AVENUE Asheville, North Carolina
For Leasing Information Contact 828-277-9670 Office www.spakerealestate.com John Spake, CCIM 828-674-3372 Mobile [email protected]
THE STREET
BILTMORE AVENUE - FORMERLY KNOW AS MAIN STREET
Early 1930s photo prior to the major road widening project
Considered “beachfront property” for Downtown Asheville, Biltmore Avenue is probably the most visited street in the CBD. With its abundance of restaurants, art galleries, boutiques and entertainment venues, vacant retail or restaurant space on Biltmore Avenue is rare and in high demand. The addition of the aloft Hotel atop a new 404 space City Parking deck in 2012 provided a supply of new public parking space to Biltmore Avenue that allowed businesses along the street to continue to thrive due to a better ease of parking for their customers. Availability of this second generation restaurant space is a unique opportunity for a restauranteur to follow in Doc Chey’s 15 years of successful sales volume and customer loyalty to create Asheville’s next great restaurant.
Sampling of a few of the Media Praise and Accolades of Asheville from magazines, websites and publications in recent years:
2017 Asheville named No. 1 best small foodie towns in the South Atlantic region by RewardExpert (September 2017) www.rewardexpert.com/blog/studies/2017s-best-american-foodie-towns Travel + Leisure ranked Asheville #9 in its list of The Top 15 Cities in the United States (July 2017) Tasting Table picked Asheville for its round-up of "The 7 Under-the-Radar Cities You Must Visit This Year." (January 2017) | “Over the course of the last decade, Asheville, North Carolina, has become the culinary star of the Appalachian South.” www.tastingtable.com/city_guide/national/178 Asheville included on lists of "The 17 Best Places to Travel in 2017" by both Harper's Bazaar / Esquire. (January 2017) Travel + Leisure selected Asheville as one of the "18 Best Cities in America for Solo Travelers." (January 2017) Asheville was named Lonely Planet's #1 "Best in the U.S. Destination for 2017." (January 2017) USA Today calls Asheville’s beer trail: “The south's standout brewing scene”. (January 2017) 2016 Zagat chose Asheville as #7 in its list of the 26 Hottest Food Cities of 2016 (November 2016) Readers of Condé Nast Traveler picked Asheville as #10 among "The Best Small Cities in the U.S." (October 2016) Readers of Condé Nast Traveler again voted Asheville #7 among "The 2016 Friendliest Cities in the U.S." (August 2016) Travel + Leisure selected Asheville as #10 on its ranking of "The Best Cities in the U.S." (July 2016) Asheville was included as one of "10 Small Cities With World-Class Food Scenes" by THRILLIST. (June 2016) Asheville topped the list of "The 12 Best Places to Retire in the U.S." by Condé Nast Traveler. (May 2016) Asheville made Condé Nast Traveler's round-up of "Where to Find the Best Beer in the World." (April 2016) U.S. News & World Report put Asheville on its round-up of the "Best Foodie Destinations in the USA." (February 2016) 2015 Booking.com named Asheville one of its "Top Emerging Foodie Cities Across the U.S." (October 2015) Readers of Condé Nast Traveler voted Asheville #9 among "The 30 Best Small Cities in America" and #7 among "The 2015 Friendliest Cities in the U.S." (August 2015) Asheville was one of six cities spotlighted by Business Jet Traveler as "Best U.S. Foodie Meccas." (June 2015) 2014 National Geographic Travel book named Asheville one of the "World's Best Cities." (October 2014)
Livability.com placed Asheville at #4 on its "Top 10 Foodie Cities 2014" round-up. (June 2014) Departures called Asheville "The Biggest Little Culinary Capital in America." (June 2014) Forbes Travel Guide Blog featured Asheville as one of its "Five Secret Foodie Cities." (January 2014)
37 BILTMORE AVENUE Asheville, North Carolina ASHEVILLE MARKET MEDIA PRAISES
For Leasing Information Contact 828-277-9670 Office www.spakerealestate.com John Spake, CCIM 828-674-3372 Mobile [email protected]
37 BILTMORE AVENUE Asheville, North Carolina
For Leasing Information Contact 828-277-9670 Office www.spakerealestate.com John Spake, CCIM 828-674-3372 Mobile [email protected]
BILTMORE AVENUE - DRAWS OTHER THAN FOOD
Mast General Store
Wicked Weed LaZoom Room & Tours Fine Arts Theater
Asheville Art Museum aloft Hotel & 404 space Public Parking Deck
The Orange Peel - One of Rolling Stone Magazine’s Top 5 rock clubs in the US. 2008)
37 BILTMORE AVENUE Asheville, North Carolina
For Leasing Information Contact 828-277-9670 Office www.spakerealestate.com John Spake, CCIM 828-674-3372 Mobile [email protected]
BILTMORE AVENUE - THE NEIGHBORS
37 BILTMORE AVENUE Asheville, North Carolina THE FLOOR PLANS
For Leasing Information Contact 828-277-9670 Office www.spakerealestate.com John Spake, CCIM 828-674-3372 Mobile [email protected]
