RETAIL FOR SALE · Plat Book/Page: 0167 / 0020 Legal Reference: TRANSFER BY DEED Location: 15 RANKIN AVE Class: COMM CONDO Neighborhood: RANKIN PRESS LOFTS Subdivision: RANKIN PRESS

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

Amanda

Exhibit A

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

https://registerofdeeds.buncombecounty.org/external/LandRecords/protected/v4/SrchBookPage.aspx?bAutoSearch=true&bk=5265&pg=1355&idx=CRP

https://registerofdeeds.buncombecounty.org/external/LandRecords/protected/v4/SrchBookPage.aspx?bAutoSearch=true&bk=167&pg=20&idx=ALL

https://registerofdeeds.buncombecounty.org/external/LandRecords/protected/v4/SrchBookPage.aspx?bAutoSearch=true&bk=5265&pg=1355&idx=DEE

Total Building Value: 185,500

https://tax.buncombecounty.org/sketches/9649/9649308781C0006_1.jpg?KeepThis=true&TB_iframe=true&width=800&height=600

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


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


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





Key Facts

KEY FACTS

55,085Population

38.5

Median Age

2.1



Income

EDUCATION

8%

No High School


Graduate

26%Some College 50%


BUSINESS



EMPLOYMENT

66%White Collar

14%Blue Collar

20%Services

3.3%

Unemployment Rate

INCOME

$43,649


$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%)


<$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%


Buncombe County





Key Facts

KEY FACTS

102,856Population

40.2

Median Age

2.2



Income

EDUCATION

8%

No High School


Graduate

26%Some College 47%


BUSINESS



EMPLOYMENT

66%White Collar

15%Blue Collar

19%Services

3.0%

Unemployment Rate

INCOME

$46,163


$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%)


<$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%


Buncombe County

Demographic and Income Profile15 Rankin Ave, Asheville, North Carolina, 28801 Prepared by EsriRing: 1 mile radius Latitude: 35.59581


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



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%


March 25, 2020







<$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%



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.


March 25, 2020




AreaStateUSA

Trends 2019-2024Trends 2019-2024

Ann

ual R

ate

(in

perc

ent) 2.5

2

1.5

1

0.5


20192024


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+


<$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%


Perc

ent

70

60

50

40

30

20

10

0White Black Am. Ind. Asian Pacific Other Two+



March 25, 2020







<$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%



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.


March 25, 2020




AreaStateUSA

Trends 2019-2024Trends 2019-2024

Ann

ual R

ate

(in

perc

ent)

2.5

2

1.5

1

0.5


20192024


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+


<$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%


Perc

ent

70

60

50

40

30

20

10

0White Black Am. Ind. Asian Pacific Other Two+



March 25, 2020


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


http://doc.arcgis.com/en/esri-demographics/reference/data-allocation-method.htm

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


http://doc.arcgis.com/en/esri-demographics/reference/data-allocation-method.htm

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.

Documents

RETAIL FOR SALE · Plat Book/Page: 0167 / 0020 Legal Reference: TRANSFER BY DEED Location: 15 RANKIN AVE Class: COMM CONDO Neighborhood: RANKIN PRESS LOFTS Subdivision: RANKIN PRESS