3168-3170 Linden Dr
Bristol, VA 24202

The Cooper Commercial Investment Group has been exclusively retained by ownership to sell Bristol Commons, a 48,800 S.F. retail center is located in Bristol, Virginia. The asset is being offered for $3,935,000, representing an attractive 8.50% CAP Rate and low $80/SF, well below replacement cost. The 100% occupied property offers tremendous stability with recent lease extensions and several new lease executions, along with nationally-recognized, Amazon resistant retailers. Built in 2003, Bristol Commons has a modern curb appeal with solid brick construction. The property offers multiple points of ingress/egress for easy access and prominent monument signage. The center includes a variety a retailers and services and is anchored by, a new Goodwill location (opened April, 2019), Medical Care Clinic, Little Darlings Indoor Playground and Party Center (just opened), Fit Factory (opened 2018) and Puerto Nuevo (opening June, 2019), along with nationally-recognized, Sally Beauty and GameStop, who are original tenants to the center. Furthermore, Lily’s as Seen on TV, BSN Sports and Virginia Premier are well-known, established regional tenants that provide diversity to Bristol Commons. The center is located in a strong commercial corridor with excellent highway access and visibility from I-81. The retail corridor boasts 33,000 VPD surrounding the center and another 56,000 VPD along I-81. I-81 is the direct route running from Knoxville, Tennessee through Bristol and on to Roanoke and Washington D.C. The retail corridor just off the highway exit make Bristol Commons a destination point for all commuters traveling along I-81. Bristol Commons is positioned in the heart of the retail corridor and is surrounded by other complimentary retailers, including Walmart Supercenter, Lowe’s, Home Depot, Cinemark, Sam’s Club, Starbucks, Chick-fil-A and many more. The exit off the highway also boasts several hotel options creating more traffic to the corridor. Additionally, the community has average household incomes over $77,500 within a 1-mile radius of the property.