Linden Drive Centre – Stabilized Multi-Tenant Retail Strip Investment

Investment Overview

We are pleased to present a stabilized, multi-tenant retail strip center located at 3177 Linden Dr, Bristol, VA 24202, immediately off the I-81 on/off ramps in a high-visibility, high-traffic retail corridor shared by national co-tenants including Walmart Supercenter, Sam’s Club, Tractor Supply Co., Rural King, Ashley, Mattress Firm, Verizon, AT&T, Starbucks, Olive Garden, Chili’s, IHOP, and others. With frontage exposure to Interstate 81 (55,000 VPD) and convenient access via Old Airport Road, the property benefits from robust daily traffic and strong destination draws that support consistent tenant performance.

The center totals 7,443 SF and is currently 100% leased to three complementary users. T-Mobile (Connectivity Source, LLC), THA Joint, and Ready Golf, creating a diversified rent roll with staggered expirations and a WALT of 4.4 years. Leasing momentum (including the early exercise by T-Mobile and new at THA Joint and Ready Golf) positions the asset for near-term rent growth through scheduled rent increases and multiple option-period escalations.

This offering provides investors with an attractive opportunity to acquire a cash-flowing strip in a prime, interstate-adjacent location within the Bristol metropolitan area, supported by solid household incomes and an expanding retail area.

Investment Highlights

• 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

• Stabilized, Interstate-Fronting Strip Center (100% Leased)

  • 7,443 SF on Linden Dr at the I-81 on/off ramps (55,000VPD)

  • Strong daily traffic and national retail co-tenancy along the corridor.

  • Average Household Income of $84,196 within the Area

• Attractive Tenant Mix

  • T-Mobile (Connectivity Source, LLC), strong regional operator (480+ units); exercised its lease extension early, underscoring location commitment.

  • THA Joint, personal guarantor in place.

  • Ready Golf, personal guarantor in place.

• Built-In Rent Growth

  • Rent increases across the tenancy (including newly commenced/extended terms) drive near-term NOI growth.

  • WALT 4.4 years with staggered expirations.

  • Personal guarantors at The Joint and Ready Golf provide added landlord security.