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43 Wall St
2,100 SF of Retail Space Available in Asheville, NC 28801
Highlights
- High Foot Traffic Counts
- Surrounded by Hotels & Retail
- Parking Deck Connectivity
- TICAM and Lease Term Negotiable
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 2,100 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Triple Net (NNN) |
1st Floor
Incredible opportunity: City-owned 43 Wall Street is now available for lease. Priority will be given to existing Asheville businesses that were displaced by Hurricane Helene. The space is being delivered as cold shell with no heating system, ready for upfit. The iconic cobblestone street is situated between the Flat Iron Building and Patton Avenue. The space is flanked by the Wall Street parking garage to one side; and a set of stairs connecting Wall Street to Battery Park Avenue, home of the Grove Arcade, to the other side. Surrounded by hotels in an area with high visitor counts, this location offers a dynamic mix of local dining, shopping, and cultural experiences. Ideal tenants will bring space activation at/near 7 days per week for an average of 8 hours per day. Parking available in the adjacent parking deck. Space is owned by the City of Asheville. TICAM and lease term negotiable. Prospective tenants must be able to show three years of past business performance and three years of cash flow projections.
- Lease rate does not include utilities, property expenses or building services
- High Foot Traffic Counts
- Parking Deck Connectivity
- Surrounded by Hotels & Retail
- TICAM and Lease Term Negotiable
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 43 Wall St , Asheville, NC 28801
| Property Type | Retail | Year Built/Renovated | 1960/2024 |
| Gross Leasable Area | 2,100 SF |
| Property Type | Retail |
| Gross Leasable Area | 2,100 SF |
| Year Built/Renovated | 1960/2024 |
About the Property
Incredible opportunity: City-owned 43 Wall Street is now available for lease. Priority will be given to existing Asheville businesses that were displaced by Hurricane Helene. The space is being delivered as cold shell with no heating system, ready for upfit. The iconic cobblestone street is situated between the Flat Iron Building and Patton Avenue. The space is flanked by the Wall Street parking garage to one side; and a set of stairs connecting Wall Street to Battery Park Avenue, home of the Grove Arcade, to the other side. Surrounded by hotels in an area with high visitor counts, this location offers a dynamic mix of local dining, shopping, and cultural experiences. Ideal tenants will bring space activation at/near 7 days per week for an average of 8 hours per day. Parking available in the adjacent parking deck. Space is owned by the City of Asheville. TICAM and lease term negotiable. Prospective tenants must be able to show three years of past business performance and three years of cash flow projections.
Nearby Major Retailers
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43 Wall St
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