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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.
BRITNI MCCOLLUM Broker | Ambassador of Buzz0 828.222.3685 | M [email protected] 53 Asheland Avenue, Suite 105 | Asheville, NC 28801www.carla-co.com
CARLA BARNARD Broker | Director0 828.254.7253 | M [email protected] 53 Asheland Avenue, Suite 105 | Asheville, NC 28801www.carla-co.com
PROPERTY FEATURES• Stable, long term tenant in place - High Five Coffee
• 5% annual rent escalation
• Adjacent to Rankin Parking Garage
SALE PRICE $535,000BUILDING SIZE 1,154 SFCAP RATE 5.45%
Investment opportunity with stable, long term tenant in place in a prominent downtown Asheville location. Premium street level commercial space on high footfall street adjacent to Rankin Parking Garage. The tenant had an initial five year lease which ended on March 31, 2020. The tenant had two options to renew for three years each. The tenant has elected to renew and has indicated in writing that they want to renew for a third term also. Current rent is $2,430.15 ($25.28/SF) and increases by 5% per year. Please contact listing agent for all showings, do not disturb tenant.
15 RANKIN AVE. #105 ASHEVILLE, NC 28801RETAIL FOR SALE
DOWNTOWN ASHEVILLE
CENTRAL BUSINESS DISTRICT INVESTMENT OPPORTUNITY
15 Rankin Ave. Unit 6 Asheville, NC 28801 - Exhibit ABuncombe County, North Carolina, AC +/-
Proposed Site Boundary
Carla & Company | Carla BarnardP: 828-222-3685 www.carla-co.com 53 Asheland Ave, Asheville NC 28801
The information contained herein was obtained from sourcesdeemed to be reliable. MapRight Services makes no warranties or guarantees as to thecompleteness or accuracy thereof.
DocuSign Envelope ID: 8C53BC84-915C-4E89-8D85-038F549A28C8
3/12/2020 | 11:30:40 AM EDT 3/18/2020 | 1:53:17 PM PDT
Land Data Total Acres:
0
Land Value:
0
Other
Improvements
Value: 0
COUNTY OF BUNCOMBE, NORTH CAROLINA
Web Property Record Card
9649-30-8781-C0006
<< Back to Parcel Details Date Printed: 3/12/2020
Owner Information
Owners: PREPOSTEROUS REALTY LLC
Address: 14 S PACK SQ STE 403
ASHEVILLE NC 28801-3512
Property Location: 15 RANKIN AVE
Taxing Districts
County: Buncombe County
City: ASHEVILLE
Fire:
School: ASHEVILLE SCHOOL
Parcel Information Total Property Value: 185,500
Status: Active
Deed Date: 12/1/2014
Deed Book/Page: 5265 / 1355
Plat Book/Page: 0167 / 0020
Legal Reference: TRANSFER BY DEED
Location: 15 RANKIN AVE
Class: COMM CONDO
Neighborhood: RANKIN PRESS LOFTS
Subdivision: RANKIN PRESS LOFTS
Sub Lot: C0006
Conservation/Easement: N
Flood: N
Ownership History
Transfer Date Price Legal Reference Deed Book/Page Qualified Vacant When Sold Seller Names
12/01/2014 $287,000 TRANSFER BY DEED 5265 / 1355 Yes No CLEO RIVER LLC
Assessment History
Year Acres Land Bldgs Other Impr Assessed Desc Exemptions Deferred Taxable
2020 0.00 0 185,500 0 185,500 0 0 185,500
2019 0.00 0 185,500 0 185,500 0 0 185,500
2018 0.00 0 185,500 0 185,500 0 0 185,500
2017 0.00 0 185,500 0 185,500 0 0 185,500
2016 0.00 0 186,400 0 186,400 0 0 186,400
2015 0.00 0 186,400 0 186,400 0 0 186,400
2014 0.00 0 186,400 0 186,400 0 0 186,400
Com. Bldg ID Bldg Class Sq Feet Bsmt SqFt Bsmt Finished Year Built Grade Condition Value
1 MASONRY 1,152 0 0 2014 C N 185,500
Section SqFt # Stories
MIXED USE RETAIL C 1,152 1
Total Building Value: 185,500
Detach this portion and mail with your payment County of Buncombe, North Carolina Web Property Tax Notice
Billing Number PINLast day to pay
Before Interest Begins Total Amount Due
To change your mailing address, please fill in your new address:
Address:
City: State: Zip:
Signature:
Make check payable to: Buncombe County Tax Collector
And mail to:
BUNCOMBE COUNTY TAX COLLECTOR 94 COXE AVENUE
ASHEVILLE, NC 28801Owners:
County of Buncombe, North Carolina Web Property Tax Notice
Billing InformationBilling DateBill NumberTax YearParcel IDAcresMortgage CompanyDescription
Property tax notice for real and/or personal property. There are several ways to pay your tax bill: By Mail: Mail using the address below (Be sure to include your bill # on your check) In Person: Tax Collector's office: 94 Coxe Avenue, Asheville NC 28801 Credit Card by phone or online: See our web page for online payment options or call 1-877-690-3729 and follow the instructions. The jurisdiction code is 4301. There is a convenience fee for this service and you will be told how much before you finish the transaction. E-check online: Follow the link on our web page to online payment options. Bank Draft: Start early and have a set amount deducted from your checking/savings account each month using our preauthorized debit program. To set up the draft, call our office at the number below as soon as your bill arrives. Payment Plans: Customized payment plans can be set up to ensure your bill is paid before interest begins. Call our office today. We are here to serve you. If you have any questions or concerns, please contact us at the following phone number or website: Telephone: (828) 250-4910 or www.buncombecounty.org
Property InformationReal EstatePersonalDeferredExemptionsTaxable Value
Taxing DistrictsRates per
$100 Value Amount
Late List PenaltiesInterest ChargesAdditional CostInterest Begins
Total Amount DueDate PrintedPayments Posted ThruAmount Good Thru
Location
3/12/2020
0000769202-2019-2019-0000-00 9649308781C0006 1/6/2020 $0.00
PREPOSTEROUS REALTY LLC
0000000000020192019000000007692029
8/7/20190000769202-2019-2019-0000-00
20199649308781C0006
0.00
15 RANKIN AVE , UNIT 6
PREPOSTEROUS REALTY LLC14 S PACK SQ STE 403
ASHEVILLE NC 28801
185,500000000
185,500
BUNCOMBE COUNTYASHEVILLE
ASHEVILLE SCHOOL
$0.5290$0.4289
$0.1200
$981.30$795.61
$222.60
$0.00$0.00$0.00
1/7/2020
$0.003/12/20203/11/20203/31/2020
15 RANKIN AVE ASHEVILLE NC
Prepared by EsriLatitude: 35.59581
Longitude: -82.55360
15 Rankin Ave, Asheville, North Carolina, 28801 (3 miles)15 Rankin Ave, Asheville, North Carolina, 28801Ring of 3 miles
Source: This infographic contains data provided by Esri, Esri and Bureau of Labor Statistics, Esri and Infogroup. The vintage of the data is 2019, 2024.
Executive Summary - Call Outs
Emerald City
Dominant Tapestry Segment
38.5Median
Age
55,085Total Population
$265,616Median Home Value
5,305Businesses
98,274Daytime Population
$43,649Median Household
Income
$30,691Per Capita Income
15 Rankin Ave, Asheville, North Carolina, 28801
KEY FACTS
KEY SPENDING FACTS
2.1Avg Household
Size
1.3%2010-2019 Pop
Growth Rate
$3,000
$2,000
$1,000
$0
FurnitureEntertainmentApparelTransportationTravel
$2,554.34
$1,742.34$1,717.78
$682 $496.64
This infographic contains data provided by Esri,Esri and Bureau of Labor Statistics, Esri and Infogroup. The vintage of the data is 2019, 2024.
© 2020 Esri
Spending facts are average annual dollars per household
1 Mile - Prepared by EsriLatitude: 35.59581
Longitude: -82.55360
15 Rankin Ave, Asheville, North Carolina, 28801 (1 mile)15 Rankin Ave, Asheville, North Carolina, 28801Ring of 1 mile
Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019.
Key Facts
KEY FACTS
10,647Population
37.9
Median Age
1.8
Average Household Size
$34,632Median Household
Income
EDUCATION
6%
No High School
Diploma 19%High School
Graduate
26%Some College 48%
Bachelor's/Grad/Prof Degree
BUSINESS
2,370Total Businesses
25,973Total Employees
EMPLOYMENT
68%White Collar
11%Blue Collar
21%Services
3.9%
Unemployment Rate
INCOME
$34,632
Median Household Income
$30,252
Per Capita Income
$13,830
Median Net Worth
Households By IncomeThe largest group: <$15,000 (20.6%)The smallest group: $200,000+ (4.2%)
Indicator Value Difference
<$15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
20.6%
$75,000 - $99,999
12.8%
$100,000 - $149,999
17.0%
$150,000 - $199,999
11.1%
$200,000+
12.1%
+9.8%
7.8%
+2.7%
9.7%
+5.0%
4.7%
-4.1%
4.2%
-5.3%
-3.8%
-2.6%
-0.9%
-0.8%
Bars show deviation from
Buncombe County
1 Mile - Prepared by EsriLatitude: 35.59581
Longitude: -82.55360
15 Rankin Ave, Asheville, North Carolina, 28801 (3 miles)15 Rankin Ave, Asheville, North Carolina, 28801Ring of 3 miles
Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019.
Key Facts
KEY FACTS
55,085Population
38.5
Median Age
2.1
Average Household Size
$43,649Median Household
Income
EDUCATION
8%
No High School
Diploma 16%High School
Graduate
26%Some College 50%
Bachelor's/Grad/Prof Degree
BUSINESS
5,305Total Businesses
67,354Total Employees
EMPLOYMENT
66%White Collar
14%Blue Collar
20%Services
3.3%
Unemployment Rate
INCOME
$43,649
Median Household Income
$30,691
Per Capita Income
$27,514
Median Net Worth
Households By IncomeThe largest group: <$15,000 (16.2%)The smallest group: $150,000 - $199,999 (4.4%)
Indicator Value Difference
<$15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
16.2%
$75,000 - $99,999
11.9%
$100,000 - $149,999
12.8%
$150,000 - $199,999
14.1%
$200,000+
14.7%
+5.4%
10.4%
+1.8%
10.8%
+0.8%
4.4%
-1.1%
4.8%
-2.7%
-1.2%
-1.5%
-1.2%
-0.2%
Bars show deviation from
Buncombe County
1 Mile - Prepared by EsriLatitude: 35.59581
Longitude: -82.55360
15 Rankin Ave, Asheville, North Carolina, 28801 (5 miles)15 Rankin Ave, Asheville, North Carolina, 28801Ring of 5 miles
Source: This infographic contains data provided by Esri, Esri and Infogroup. The vintage of the data is 2019.
Key Facts
KEY FACTS
102,856Population
40.2
Median Age
2.2
Average Household Size
$46,163Median Household
Income
EDUCATION
8%
No High School
Diploma 19%High School
Graduate
26%Some College 47%
Bachelor's/Grad/Prof Degree
BUSINESS
7,146Total Businesses
89,777Total Employees
EMPLOYMENT
66%White Collar
15%Blue Collar
19%Services
3.0%
Unemployment Rate
INCOME
$46,163
Median Household Income
$31,372
Per Capita Income
$43,714
Median Net Worth
Households By IncomeThe largest group: $50,000 - $74,999 (15.9%)The smallest group: $150,000 - $199,999 (4.8%)
Indicator Value Difference
<$15,000
$15,000 - $24,999
$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999
13.7%
$75,000 - $99,999
11.5%
$100,000 - $149,999
12.8%
$150,000 - $199,999
15.0%
$200,000+
15.9%
+2.9%
10.6%
+1.4%
10.8%
+0.8%
4.8%
-0.2%
4.9%
-1.5%
-1.0%
-1.5%
-0.8%
-0.1%
Bars show deviation from
Buncombe County
Demographic and Income Profile15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRing: 1 mile radius Latitude: 35.59581
Longitude: -82.55360
Summary Census 2010 2019 2024Population 9,276 10,647 11,304Households 4,617 5,320 5,668Families 1,530 1,722 1,822Average Household Size 1.80 1.81 1.82Owner Occupied Housing Units 1,499 1,481 1,607Renter Occupied Housing Units 3,118 3,839 4,061Median Age 36.2 37.9 39.1
Trends: 2019 - 2024 Annual Rate Area State NationalPopulation 1.20% 1.14% 0.77%Households 1.28% 1.13% 0.75%Families 1.14% 1.04% 0.68%Owner HHs 1.65% 1.28% 0.92%Median Household Income 3.13% 2.34% 2.70%
2019 2024 Households by Income Number Percent Number Percent
<$15,000 1,098 20.6% 983 17.3%$15,000 - $24,999 682 12.8% 688 12.1%$25,000 - $34,999 904 17.0% 895 15.8%$35,000 - $49,999 591 11.1% 623 11.0%$50,000 - $74,999 642 12.1% 721 12.7%$75,000 - $99,999 416 7.8% 499 8.8%$100,000 - $149,999 514 9.7% 629 11.1%$150,000 - $199,999 250 4.7% 362 6.4%$200,000+ 222 4.2% 268 4.7%
Median Household Income $34,632 $40,411Average Household Income $62,196 $71,631Per Capita Income $30,252 $35,025
Census 2010 2019 2024 Population by Age Number Percent Number Percent Number Percent
0 - 4 391 4.2% 422 4.0% 457 4.0%5 - 9 328 3.5% 375 3.5% 400 3.5%10 - 14 281 3.0% 348 3.3% 361 3.2%15 - 19 468 5.0% 520 4.9% 532 4.7%20 - 24 1,029 11.1% 963 9.0% 1,008 8.9%25 - 34 1,965 21.2% 2,187 20.5% 2,134 18.9%35 - 44 1,329 14.3% 1,536 14.4% 1,716 15.2%45 - 54 1,314 14.2% 1,338 12.6% 1,394 12.3%55 - 64 1,174 12.7% 1,414 13.3% 1,412 12.5%65 - 74 579 6.2% 962 9.0% 1,125 10.0%75 - 84 281 3.0% 393 3.7% 560 5.0%
85+ 138 1.5% 190 1.8% 204 1.8%Census 2010 2019 2024
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 6,515 70.2% 7,326 68.8% 7,714 68.2%Black Alone 2,338 25.2% 2,715 25.5% 2,858 25.3%American Indian Alone 36 0.4% 43 0.4% 44 0.4%Asian Alone 83 0.9% 140 1.3% 181 1.6%Pacific Islander Alone 7 0.1% 10 0.1% 11 0.1%Some Other Race Alone 73 0.8% 94 0.9% 106 0.9%Two or More Races 224 2.4% 318 3.0% 389 3.4%
Hispanic Origin (Any Race) 282 3.0% 377 3.5% 449 4.0%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
March 25, 2020
©2020 Esri Page 1 of 6
Demographic and Income Profile15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRing: 1 mile radius Latitude: 35.59581
Longitude: -82.55360
AreaStateUSA
Trends 2019-2024Trends 2019-2024
Ann
ual R
ate
(in
perc
ent)
3
2.5
2
1.5
1
0.5
0Population Households Families Owner HHs Median HH Income
20192024
Population by AgePopulation by Age
Perc
ent
2018
161412
10864
20
0-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2019 Household Income 2019 Household Income
<$15K20.6%
$15K - $24K12.8%
$25K - $34K17.0%
$35K - $49K11.1%
$50K - $74K12.1% $75K - $99K
7.8%
$100K - $149K9.7%
$150K - $199K4.7%
$200K+4.2%
2019 Population by Race2019 Population by Race
Perc
ent
65605550454035302520151050
White Black Am. Ind. Asian Pacific Other Two+
2019 Percent Hispanic Origin: 3.5%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
March 25, 2020
©2020 Esri Page 2 of 6
Demographic and Income Profile15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRing: 3 mile radius Latitude: 35.59581
Longitude: -82.55360
Summary Census 2010 2019 2024Population 48,967 55,085 58,163Households 21,499 24,335 25,786Families 10,092 11,153 11,738Average Household Size 2.12 2.12 2.12Owner Occupied Housing Units 10,686 10,906 11,580Renter Occupied Housing Units 10,813 13,429 14,206Median Age 36.8 38.5 39.4
Trends: 2019 - 2024 Annual Rate Area State NationalPopulation 1.09% 1.14% 0.77%Households 1.17% 1.13% 0.75%Families 1.03% 1.04% 0.68%Owner HHs 1.21% 1.28% 0.92%Median Household Income 2.79% 2.34% 2.70%
2019 2024 Households by Income Number Percent Number Percent
<$15,000 3,935 16.2% 3,551 13.8%$15,000 - $24,999 2,885 11.9% 2,795 10.8%$25,000 - $34,999 3,111 12.8% 2,984 11.6%$35,000 - $49,999 3,436 14.1% 3,540 13.7%$50,000 - $74,999 3,581 14.7% 3,908 15.2%$75,000 - $99,999 2,534 10.4% 2,931 11.4%$100,000 - $149,999 2,624 10.8% 3,171 12.3%$150,000 - $199,999 1,069 4.4% 1,507 5.8%$200,000+ 1,160 4.8% 1,398 5.4%
Median Household Income $43,649 $50,098Average Household Income $68,749 $78,215Per Capita Income $30,691 $34,978
Census 2010 2019 2024 Population by Age Number Percent Number Percent Number Percent
0 - 4 2,809 5.7% 2,859 5.2% 3,009 5.2%5 - 9 2,532 5.2% 2,719 4.9% 2,812 4.8%10 - 14 2,092 4.3% 2,531 4.6% 2,609 4.5%15 - 19 2,912 5.9% 3,227 5.9% 3,385 5.8%20 - 24 4,486 9.2% 4,409 8.0% 4,694 8.1%25 - 34 8,414 17.2% 9,037 16.4% 8,963 15.4%35 - 44 6,439 13.1% 7,260 13.2% 7,785 13.4%45 - 54 6,249 12.8% 6,329 11.5% 6,630 11.4%55 - 64 6,032 12.3% 6,970 12.7% 6,964 12.0%65 - 74 3,494 7.1% 5,386 9.8% 6,001 10.3%75 - 84 2,300 4.7% 2,842 5.2% 3,727 6.4%
85+ 1,209 2.5% 1,517 2.8% 1,584 2.7%Census 2010 2019 2024
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 37,968 77.5% 42,211 76.6% 44,283 76.1%Black Alone 7,802 15.9% 8,578 15.6% 8,853 15.2%American Indian Alone 176 0.4% 203 0.4% 210 0.4%Asian Alone 424 0.9% 700 1.3% 897 1.5%Pacific Islander Alone 23 0.0% 35 0.1% 38 0.1%Some Other Race Alone 1,288 2.6% 1,621 2.9% 1,794 3.1%Two or More Races 1,285 2.6% 1,738 3.2% 2,088 3.6%
Hispanic Origin (Any Race) 2,950 6.0% 3,780 6.9% 4,369 7.5%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
March 25, 2020
©2020 Esri Page 3 of 6
Demographic and Income Profile15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRing: 3 mile radius Latitude: 35.59581
Longitude: -82.55360
AreaStateUSA
Trends 2019-2024Trends 2019-2024
Ann
ual R
ate
(in
perc
ent) 2.5
2
1.5
1
0.5
0Population Households Families Owner HHs Median HH Income
20192024
Population by AgePopulation by Age
Perc
ent
16
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2019 Household Income 2019 Household Income
<$15K16.2%
$15K - $24K11.9%$25K - $34K
12.8%
$35K - $49K14.1%
$50K - $74K14.7%
$75K - $99K10.4%
$100K - $149K10.8%
$150K - $199K4.4%
$200K+4.8%
2019 Population by Race2019 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2019 Percent Hispanic Origin: 6.9%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
March 25, 2020
©2020 Esri Page 4 of 6
Demographic and Income Profile15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRing: 5 mile radius Latitude: 35.59581
Longitude: -82.55360
Summary Census 2010 2019 2024Population 91,919 102,856 108,679Households 40,086 45,028 47,673Families 21,028 23,166 24,392Average Household Size 2.19 2.19 2.19Owner Occupied Housing Units 22,408 23,209 24,805Renter Occupied Housing Units 17,678 21,818 22,868Median Age 38.2 40.2 41.3
Trends: 2019 - 2024 Annual Rate Area State NationalPopulation 1.11% 1.14% 0.77%Households 1.15% 1.13% 0.75%Families 1.04% 1.04% 0.68%Owner HHs 1.34% 1.28% 0.92%Median Household Income 2.53% 2.34% 2.70%
2019 2024 Households by Income Number Percent Number Percent
<$15,000 6,165 13.7% 5,511 11.6%$15,000 - $24,999 5,200 11.5% 4,954 10.4%$25,000 - $34,999 5,750 12.8% 5,466 11.5%$35,000 - $49,999 6,752 15.0% 6,882 14.4%$50,000 - $74,999 7,177 15.9% 7,804 16.4%$75,000 - $99,999 4,763 10.6% 5,479 11.5%$100,000 - $149,999 4,851 10.8% 5,881 12.3%$150,000 - $199,999 2,175 4.8% 3,076 6.5%$200,000+ 2,194 4.9% 2,621 5.5%
Median Household Income $46,163 $52,315Average Household Income $71,294 $80,925Per Capita Income $31,372 $35,657
Census 2010 2019 2024 Population by Age Number Percent Number Percent Number Percent
0 - 4 5,411 5.9% 5,383 5.2% 5,636 5.2%5 - 9 4,866 5.3% 5,260 5.1% 5,400 5.0%10 - 14 4,340 4.7% 5,111 5.0% 5,279 4.9%15 - 19 5,160 5.6% 5,564 5.4% 5,974 5.5%20 - 24 7,136 7.8% 7,018 6.8% 7,504 6.9%25 - 34 14,998 16.3% 15,439 15.0% 15,391 14.2%35 - 44 12,020 13.1% 13,793 13.4% 14,434 13.3%45 - 54 12,122 13.2% 12,243 11.9% 12,941 11.9%55 - 64 11,812 12.9% 13,546 13.2% 13,487 12.4%65 - 74 7,182 7.8% 10,917 10.6% 12,165 11.2%75 - 84 4,699 5.1% 5,787 5.6% 7,501 6.9%
85+ 2,173 2.4% 2,795 2.7% 2,966 2.7%Census 2010 2019 2024
Race and Ethnicity Number Percent Number Percent Number PercentWhite Alone 73,981 80.5% 81,740 79.5% 85,719 78.9%Black Alone 11,046 12.0% 11,979 11.6% 12,308 11.3%American Indian Alone 343 0.4% 389 0.4% 404 0.4%Asian Alone 901 1.0% 1,466 1.4% 1,878 1.7%Pacific Islander Alone 195 0.2% 242 0.2% 262 0.2%Some Other Race Alone 3,026 3.3% 3,801 3.7% 4,229 3.9%Two or More Races 2,427 2.6% 3,241 3.2% 3,880 3.6%
Hispanic Origin (Any Race) 6,508 7.1% 8,298 8.1% 9,596 8.8%Data Note: Income is expressed in current dollars.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
March 25, 2020
©2020 Esri Page 5 of 6
Demographic and Income Profile15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRing: 5 mile radius Latitude: 35.59581
Longitude: -82.55360
AreaStateUSA
Trends 2019-2024Trends 2019-2024
Ann
ual R
ate
(in
perc
ent)
2.5
2
1.5
1
0.5
0Population Households Families Owner HHs Median HH Income
20192024
Population by AgePopulation by Age
Perc
ent
14
12
10
8
6
4
2
00-4 5-9 10-14 15-19 20-24 25-34 35-44 45-54 55-64 65-74 75-84 85+
2019 Household Income 2019 Household Income
<$15K13.7%
$15K - $24K11.5%
$25K - $34K12.8%
$35K - $49K15.0%
$50K - $74K15.9%
$75K - $99K10.6%
$100K - $149K10.8%
$150K - $199K4.8%
$200K+4.9%
2019 Population by Race2019 Population by Race
Perc
ent
70
60
50
40
30
20
10
0White Black Am. Ind. Asian Pacific Other Two+
2019 Percent Hispanic Origin: 8.1%
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
March 25, 2020
©2020 Esri Page 6 of 6
Business Summary15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 35.59581
Longitude: -82.55360Data for all businesses in area 1 mile 3 miles 5 milesTotal Businesses: 2,370 5,305 7,146Total Employees: 25,973 67,354 89,777Total Residential Population: 10,647 55,085 102,856Employee/Residential Population Ratio (per 100 Residents) 244 122 87
Businesses Employees Businesses Employees Businesses Employeesby SIC Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture & Mining 20 0.8% 119 0.5% 66 1.2% 496 0.7% 128 1.8% 829 0.9%Construction 56 2.4% 339 1.3% 180 3.4% 1,415 2.1% 290 4.1% 3,158 3.5%Manufacturing 57 2.4% 1,143 4.4% 157 3.0% 2,740 4.1% 214 3.0% 4,633 5.2%Transportation 18 0.8% 200 0.8% 71 1.3% 636 0.9% 119 1.7% 986 1.1%Communication 15 0.6% 103 0.4% 43 0.8% 448 0.7% 57 0.8% 705 0.8%Utility 3 0.1% 36 0.1% 10 0.2% 163 0.2% 17 0.2% 374 0.4%Wholesale Trade 35 1.5% 431 1.7% 107 2.0% 1,230 1.8% 153 2.1% 1,887 2.1%
Retail Trade Summary 427 18.0% 6,877 26.5% 1,141 21.5% 17,071 25.3% 1,545 21.6% 21,974 24.5%Home Improvement 9 0.4% 91 0.4% 43 0.8% 627 0.9% 69 1.0% 1,060 1.2%General Merchandise Stores 4 0.2% 12 0.0% 32 0.6% 1,504 2.2% 46 0.6% 1,845 2.1%Food Stores 37 1.6% 841 3.2% 106 2.0% 2,087 3.1% 156 2.2% 2,941 3.3%Auto Dealers, Gas Stations, Auto Aftermarket 12 0.5% 71 0.3% 65 1.2% 478 0.7% 117 1.6% 880 1.0%Apparel & Accessory Stores 44 1.9% 243 0.9% 104 2.0% 937 1.4% 126 1.8% 1,120 1.2%Furniture & Home Furnishings 20 0.8% 178 0.7% 71 1.3% 688 1.0% 108 1.5% 1,009 1.1%Eating & Drinking Places 176 7.4% 4,899 18.9% 375 7.1% 8,570 12.7% 475 6.6% 10,130 11.3%Miscellaneous Retail 124 5.2% 543 2.1% 344 6.5% 2,181 3.2% 448 6.3% 2,988 3.3%
Finance, Insurance, Real Estate Summary 283 11.9% 2,763 10.6% 518 9.8% 4,024 6.0% 690 9.7% 4,870 5.4%Banks, Savings & Lending Institutions 39 1.6% 444 1.7% 76 1.4% 744 1.1% 94 1.3% 892 1.0%Securities Brokers 52 2.2% 261 1.0% 87 1.6% 379 0.6% 110 1.5% 459 0.5%Insurance Carriers & Agents 30 1.3% 150 0.6% 75 1.4% 346 0.5% 111 1.6% 529 0.6%Real Estate, Holding, Other Investment Offices 161 6.8% 1,908 7.3% 281 5.3% 2,555 3.8% 373 5.2% 2,990 3.3%
Services Summary 1,015 42.8% 10,389 40.0% 2,251 42.4% 34,414 51.1% 2,972 41.6% 45,017 50.1%Hotels & Lodging 39 1.6% 826 3.2% 93 1.8% 2,618 3.9% 120 1.7% 2,880 3.2%Automotive Services 25 1.1% 116 0.4% 89 1.7% 389 0.6% 154 2.2% 633 0.7%Motion Pictures & Amusements 61 2.6% 1,377 5.3% 152 2.9% 2,169 3.2% 204 2.9% 2,572 2.9%Health Services 139 5.9% 2,055 7.9% 385 7.3% 15,128 22.5% 514 7.2% 19,309 21.5%Legal Services 132 5.6% 757 2.9% 155 2.9% 896 1.3% 162 2.3% 936 1.0%Education Institutions & Libraries 30 1.3% 577 2.2% 84 1.6% 3,010 4.5% 125 1.7% 4,493 5.0%Other Services 589 24.9% 4,681 18.0% 1,292 24.4% 10,203 15.1% 1,694 23.7% 14,194 15.8%
Government 122 5.1% 3,464 13.3% 161 3.0% 4,549 6.8% 189 2.6% 5,139 5.7%
Unclassified Establishments 320 13.5% 108 0.4% 599 11.3% 168 0.2% 772 10.8% 203 0.2%
Totals 2,370 100.0% 25,973 100.0% 5,305 100.0% 67,354 100.0% 7,146 100.0% 89,777 100.0%
Source: Copyright 2019 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2019.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.
March 25, 2020
©2020 Esri Page 1 of 2
Business Summary15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRings: 1, 3, 5 mile radii Latitude: 35.59581
Longitude: -82.55360Businesses Employees Businesses Employees Businesses Employees
by NAICS Codes Number Percent Number Percent Number Percent Number Percent Number Percent Number PercentAgriculture, Forestry, Fishing & Hunting 7 0.3% 18 0.1% 17 0.3% 181 0.3% 27 0.4% 205 0.2%Mining 1 0.0% 4 0.0% 3 0.1% 29 0.0% 4 0.1% 33 0.0%Utilities 2 0.1% 30 0.1% 5 0.1% 75 0.1% 7 0.1% 90 0.1%Construction 61 2.6% 353 1.4% 192 3.6% 1,521 2.3% 306 4.3% 3,288 3.7%Manufacturing 51 2.2% 776 3.0% 157 3.0% 2,410 3.6% 217 3.0% 4,312 4.8%Wholesale Trade 34 1.4% 428 1.6% 103 1.9% 1,217 1.8% 149 2.1% 1,873 2.1%Retail Trade 242 10.2% 1,923 7.4% 738 13.9% 8,229 12.2% 1,029 14.4% 11,509 12.8%
Motor Vehicle & Parts Dealers 9 0.4% 53 0.2% 48 0.9% 387 0.6% 86 1.2% 733 0.8%Furniture & Home Furnishings Stores 10 0.4% 50 0.2% 46 0.9% 339 0.5% 69 1.0% 603 0.7%Electronics & Appliance Stores 5 0.2% 119 0.5% 17 0.3% 282 0.4% 22 0.3% 310 0.3%Bldg Material & Garden Equipment & Supplies Dealers 9 0.4% 91 0.4% 43 0.8% 627 0.9% 69 1.0% 1,059 1.2%Food & Beverage Stores 41 1.7% 828 3.2% 96 1.8% 1,940 2.9% 141 2.0% 2,767 3.1%Health & Personal Care Stores 10 0.4% 59 0.2% 66 1.2% 612 0.9% 85 1.2% 823 0.9%Gasoline Stations 3 0.1% 17 0.1% 17 0.3% 91 0.1% 31 0.4% 147 0.2%Clothing & Clothing Accessories Stores 53 2.2% 267 1.0% 135 2.5% 1,111 1.6% 160 2.2% 1,317 1.5%Sport Goods, Hobby, Book, & Music Stores 29 1.2% 157 0.6% 70 1.3% 509 0.8% 93 1.3% 625 0.7%General Merchandise Stores 4 0.2% 12 0.0% 32 0.6% 1,504 2.2% 46 0.6% 1,845 2.1%Miscellaneous Store Retailers 65 2.7% 248 1.0% 156 2.9% 699 1.0% 210 2.9% 1,114 1.2%Nonstore Retailers 2 0.1% 21 0.1% 12 0.2% 128 0.2% 17 0.2% 166 0.2%
Transportation & Warehousing 18 0.8% 189 0.7% 50 0.9% 573 0.9% 82 1.1% 771 0.9%Information 60 2.5% 748 2.9% 123 2.3% 1,349 2.0% 156 2.2% 1,703 1.9%Finance & Insurance 122 5.1% 859 3.3% 241 4.5% 1,516 2.3% 323 4.5% 1,937 2.2%
Central Bank/Credit Intermediation & Related Activities 39 1.6% 444 1.7% 77 1.5% 774 1.1% 96 1.3% 930 1.0%Securities, Commodity Contracts & Other Financial Investments & Other Related Activities
52 2.2% 261 1.0% 89 1.7% 392 0.6% 114 1.6% 474 0.5%Insurance Carriers & Related Activities; Funds, Trusts & Other Financial Vehicles
31 1.3% 154 0.6% 76 1.4% 350 0.5% 112 1.6% 533 0.6%Real Estate, Rental & Leasing 154 6.5% 1,641 6.3% 298 5.6% 2,404 3.6% 416 5.8% 2,883 3.2%Professional, Scientific & Tech Services 334 14.1% 2,210 8.5% 568 10.7% 3,442 5.1% 698 9.8% 4,981 5.5%
Legal Services 138 5.8% 780 3.0% 162 3.1% 922 1.4% 169 2.4% 964 1.1%Management of Companies & Enterprises 11 0.5% 74 0.3% 19 0.4% 97 0.1% 24 0.3% 114 0.1%Administrative & Support & Waste Management & Remediation Services
57 2.4% 515 2.0% 145 2.7% 985 1.5% 215 3.0% 1,506 1.7%Educational Services 36 1.5% 532 2.0% 111 2.1% 2,997 4.4% 162 2.3% 4,514 5.0%Health Care & Social Assistance 225 9.5% 3,141 12.1% 552 10.4% 17,679 26.2% 724 10.1% 22,679 25.3%Arts, Entertainment & Recreation 56 2.4% 1,550 6.0% 143 2.7% 3,320 4.9% 177 2.5% 4,378 4.9%Accommodation & Food Services 217 9.2% 5,734 22.1% 478 9.0% 11,307 16.8% 605 8.5% 13,128 14.6%
Accommodation 39 1.6% 826 3.2% 93 1.8% 2,618 3.9% 120 1.7% 2,880 3.2%Food Services & Drinking Places 177 7.5% 4,908 18.9% 384 7.2% 8,689 12.9% 485 6.8% 10,248 11.4%
Other Services (except Public Administration) 241 10.2% 1,675 6.4% 604 11.4% 3,317 4.9% 866 12.1% 4,539 5.1%Automotive Repair & Maintenance 15 0.6% 74 0.3% 65 1.2% 304 0.5% 117 1.6% 517 0.6%
Public Administration 123 5.2% 3,471 13.4% 162 3.1% 4,556 6.8% 190 2.7% 5,146 5.7%
Unclassified Establishments 318 13.4% 100 0.4% 596 11.2% 152 0.2% 769 10.8% 187 0.2%
Total 2,370 100.0% 25,973 100.0% 5,305 100.0% 67,354 100.0% 7,146 100.0% 89,777 100.0%Source: Copyright 2019 Infogroup, Inc. All rights reserved. Esri Total Residential Population forecasts for 2019.Date Note: Data on the Business Summary report is calculated using Esri’s Data allocation method which uses census block groups to allocate business summary data to custom areas.
March 25, 2020
©2020 Esri Page 2 of 2
ASHEVILLE, NCTHE BEST SMALL CITY IN AMERICA
KEY STATISTICS
• Low tax burden: state corporate tax will be
2.5% from 2019
• Low cost of living: 95% of the national average
• Competitive utility rates: #5 nationally
• Population MSA: 456,145
• Fastest growing metro in the state -
Average Job Growth Rate in 2019: 3.5%
• Unemployment rate (2019): 3.3%
INVESTMENT LANDSCAPE
• Asheville is a supply constrained market: 2.6% vacancy, below the national average
• Rents average $15.35/SF, again well below the national average
• Attractive returns average 7.9% Cap Rate
TOURISM AND GROWTH• 7.2 million visitors made day visits to Buncombe County and 3.9 million visitors stayed overnight
• In total, visitors spent $2.0 billion at local businesses and generated $3.1 billion in total sales
• 27,000+ jobs are supported by visitor spending - that’s 1 in 7 jobs!
• Tourism tax generated revenue totaled $368 million
• Total spending accounted for $437 million (23%) in retail sales, $544 million (28%) in food and beverage sales and $453 million (23%) in lodging sales
TRANSPORT AND CONNECTIVITY
Our central location and interstate transport links (I-40 and I-26) make Asheville an ideal production and distribution hub, already chosen by brands looking to expand to the east coast like Sierra Nevada, Oscar Blues, and New Belgium, as well as large grocery chains such as Publix, Harris Teeter, Whole Foods and Aldi.