Linden Place – Multi-Tenant Retail Strip Center Investment

3175 Linden Drive, Bristol, VA 24202
Price $2,197,600
Cap 8.00%
NOI $175,810

For More Information

Spencer O’Donnell
714-400-6267

Property Description

INVESTMENT HIGHLIGHTS

  • Multi-Tenant Retail Strip Center Portfolio (Available Individually) – 56.9% Occupancy – Opportunistic Returns

    • Major Retail Traffic Corridor & Strong Demographics 40,135 Residents Within a 5 Mile Radius

  • Strong Tenancy with Spaces Ready for Lease Up – 21,674 Total SF – Infill Retail Corridor

    • Frontage on 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 Operator serving the Tri-Cities region (Bristol-Kingsport MSA) with 7 Locations

    • GSA Lease with Armed Forces Career Center – Recent 1-Year Extension

  • Ideal Retail Locations – Interstate-81 Exit (with 55,000 Vehicles Per Day)

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

  • Across from Walmart Supercenter-Sam’s Club Anchored Power Center– Busy Area

    • Nearby National Retailers include Walmart Supercenter, Sam’s Club, Target, TJ Maxx, Ross, PetSmart, Burlington, Five Below, Bealls, 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

  • Significant Value-Add – Ideal 1031 Exchange Properties with Upside

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

    • Fee Simple Ownership (Land & Building) – Free and Clear of Debt

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