3175 Linden Dr - Storefront Retail/Office FOR SALE


Bristol, VA 24202
$2,345,000 USD
714-400-6267
3175 Linden Dr, Bristol, VA for Sale
$2,345,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 7.5% Cap Rate

3175 Linden Dr
Bristol, VA 24202


HIGHLIGHTS

  • Multi-Tenant Retail Strip Center – Two Tenants – Strong Cash Flow and Upside – Major Retail Traffic Corridor & Interstate Exit
  • Opportunity Zone Location – 12,337 SF – Infill Retail Corridor – Interstate 81 (55,000 Vehicles Per Day) from Tennessee to New York
  • High Profile Location – Busy Area – Interstate Frontage – Average HHI of $84,196 Within a 20 Mile Radius
  • Nearby National Retailers include Walmart Supercenter, Sam’s Club, Rural King, Dollar Tree, Tractor Supply Co, Ashely Furniture, Mattress Firm
  • Additional Retailers Nearby: Dollar Tree, Dollar General, Cinemark, Olive Garden, Perkins, IHOP, Chili’s, Verizon, AT&T, Wendy’s and Starbucks
  • New 5 Yr NNN Lease to El Senor Rancho – 5 Unit Mexican Restaurant Operator – Personal Guaranty

OVERVIEW

We are excited to present qualified investors with an exceptional opportunity to acquire the fee simple ownership (land & building) of a two-tenant strip retail investment property located in Bristol, VA (Kingsport-Bristol MSA), featuring frontage directly on Interstate 81 (I-81) and adjacent to the exit ramps. The two tenants, Harper Aesthetics and El Rancho Senor Mexican restaurant, are successful, regional tenants with proven track records. El Rancho Senor operates 5 restaurants in the chain and their new lease includes a personal guaranty. This property is strategically situated at a prime retail location in Bristol, VA just across state lines from its twin city of Bristol, TN, positioned at the Old Airport Rd exit and on-ramps to I-81 (55,000 vehicles per day). This same exit also funnels traffic to adjacent national retailers including Walmart Supercenter, Sam’s Club, Rural King, Dollar Tree, Tractor Supply Co, Ashely Furniture, Mattress Firm, Dollar Tree, Dollar General, Cinemark, Olive Garden, Perkins, IHOP, Chili’s, Verizon, AT&T, Wendy’s and Starbucks. With the benefit of these notable traffic draws on this retail corridor, this location offers high visibility and accessibility, making it an ideal setting for a retail strip center. This is a rare opportunity to purchase a recently renovated, multi-tenant retail investment property on prime real estate in a high-demand market, offering investors long-term cash flow and potential for significant returns.

FOR SALE DETAILS

PRICE

$2,345,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Linden Place - Retail Strip Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

228-5-3

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.