1667 Tynecastle Hwy
Banner Elk, NC 28604

The subject property is prominently situated with excellent access and visibility along Tynecastle Highway (10,000 AADT). The property benefits from robust demographics with a total daytime population of 8,911 and average household income of $80,974 within a five mile radius. Deposits at this branch, the only branch in Avery county, exceed $36.15 million. The property benefits from a central location in close proximity to retail tenants, schools, and employers. Major retail tenants neighboring the site include Food Lion, Walgreens, Lowe’s Foods, Dollar General, Lowe’s Home Improvement, NAPA Auto Parts, Banner Elk Pharmacy, & BB&T. The property is located adjacent to Banner Elk Elementary School and approximately 1.5 miles from Lees-McRae College, with 966 students enrolled, drawing additional traffic from students, parents, and teachers to the site. The site also benefits from close proximity to major tourist attractions in and around Banner Elk; the property is less than 2 miles from Sugar Mountain Resort, approximately 3.5 miles from Beech Mountain Ski Resort, and less than 5 miles from Grandfather Mountain State Park. Tourism revenue county-wide in 2018 exceeded $132.5 million. This property is listed in conjunction with North Carolina-licensed real estate broker David Edmonds.