Linden Place - Retail Strip Investment | 3175 Linden Dr
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Linden Place - Retail Strip Investment 3175 Linden Dr
12,337 SF 100% Leased Retail Building Bristol, VA 24202 £1,906,649 (£155/SF) 7.50% Net Initial Yield
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,337 SF
Building Class
C
Year Built/Renovated
2004/2024
Price
£1,906,649
Price Per SF
£155
Net Initial Yield
7.50%
NOI
£142,946
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.27
Lot Size
1.03 AC
Opportunity Zone
Yes
Parking
52 Spaces (4.21 Spaces per 1,000 SF Leased)
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Monument Signage
Nearby Major Retailers
1 of 15
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Linden Place - Retail Strip Investment | 3175 Linden Dr
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