Linden Place – Multi-Tenant Retail Strip Center Investment

3175 Linden Drive, Bristol, VA 24202
Price $2,345,000
Cap 7.50%
NOI $175,810

For More Information

Spencer O’Donnell
714-400-6267

Property Description

INVESTMENT HIGHLIGHTS

  • Multi-Tenant Retail Strip Center – Two Tenants – Strong Cash Flow and Upside

    • Major Retail Traffic Corridor & Interstate Exit

  • Strong Regional Tenants – 12,337 SF – Infill Retail Corridor

    • Interstate 81 (55,000 Vehicles Per Day) from Tennessee to New York

    • 5 Yr NNN Lease to El Senor Rancho – 5 Unit Mexican Restaurant Operator – Personal Guaranty

    • Harper Aesthetics – High Net Worth Lessee – Medical Aesthetics serving the Tri-Cities region (Bristol-Kingsport MSA)

    • Virginia Department of Transportation (VDOT) – State Agency with an Annual Budget of $8.9 Billion

    • Hopkins Medical Association – 7 Locations Throughout Virginia, West Virginia, & Kentucky

  • Strong Demographics – 40,135 Residents Within a 5 Mile Radius

    • Average HHI of $84,196 Within a 20 Mile Radius

  • High Profile Location – Busy Area – Interstate Frontage

    • Nearby National Retailers include Walmart Supercenter, Sam’s Club, Target, Home Depot, Lowe’s, Burlington, TJ Maxx, PetSmart, Bealls, Food City, Five Below, Ross Dress for Less, 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

    • Adjacent to the Two Largest Hotels in the Bristol Area (Delta Hotels & Courtyard by Marriott) – 10 Minutes to Hard Rock Hotel & Casino Bristol

  • Opportunity Zone Location – Community Driven Retail

  • Ideal 1031 Exchange Opportunity – Ease of Management

    • Stable Cash Flow – Free and Clear of Debt

    • Across from the Virginia Intermediate School – Opened 2024 Consolidating all Elementary Schools in Bristol, VA into one Campus – Huge Traffic Draw

Area Demographics

Radius
Population 2025
Median HH Income
Average HH Income
5 miles
40,135
$58,303
$79,342
10 miles
80,509
$59,456
$83,263
20 miles
185,157
$60,844
$84,916