Freestanding NNN
For Sale
Contact for pricing
Pending
1003 Old Airport Rd, Bristol, VA 24201
Single-tenant restaurant leased under an absolute NNN structure with corporate backing and scheduled rent growth.
Property SizeContact for details
Days on Market143
Property Features for 1003 Old Airport Rd
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Traffic Count
48,655 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Nashville
Listed By:
Jason Hernandez · License #CA 01392646
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 11:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Nashville
Investment Insights
Based on property information with market context.
This freestanding, single-tenant Cheddar’s Scratch Kitchen restaurant is operated under an absolute NNN lease guaranteed by Darden Restaurants, Inc. Approximately 11 years remain on the original 15-year term, with no landlord management or maintenance obligations described. Contractual rent increases of 1.5% apply annually throughout the primary term and each of four five-year renewal options.
The property is located at 1003 Old Airport Rd in Bristol, Virginia, beside Interstate 81. Reported traffic volume is 48,655 vehicles per day. A Walmart Supercenter sits across the interstate, while Target and Home Depot are nearby. The surrounding retail and hospitality area also includes Sam’s Club, Lowe’s, Hobby Lobby, PetSmart, Discount Tire, Golden Corral, and multiple hotels.
The property is located at 1003 Old Airport Rd in Bristol, Virginia, beside Interstate 81. Reported traffic volume is 48,655 vehicles per day. A Walmart Supercenter sits across the interstate, while Target and Home Depot are nearby. The surrounding retail and hospitality area also includes Sam’s Club, Lowe’s, Hobby Lobby, PetSmart, Discount Tire, Golden Corral, and multiple hotels.
Key Highlights
- Absolute NNN lease with corporate guarantee from Darden Restaurants, Inc.
- Approximately 11 years remain on the original 15‑year lease term
- Annual 1.5% rent increases during the primary term and four 5‑year options
Property Analytics
Current Use
Lease Details
48,655 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
458
Businesses Nearby
498k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Superstores 23%
Home Improvements & Furnishings 7%
Shops & Services 5%
Walmart
Superstores
112,525 visits/mo
0.4 miles
Chick-fil-A
Dining
61,570 visits/mo
0.5 miles
Cook Out
Dining
24,306 visits/mo
0.4 miles
Cracker Barrel Old Country Store
Dining
23,923 visits/mo
0.1 miles
Starbucks
Dining
22,718 visits/mo
0.2 miles
Demographics for 24201, VA
16,267
Population
8,138
Households
2
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
10.1 sq mi
ZIP Area
1,611
Density / Sq Mi
$43,591
Median Household Income
$38,820
Median Earnings
$763
Median Rent
$160,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Single-tenant restaurant leased under an absolute NNN structure with corporate backing and scheduled rent growth.
Where is this conventional restaurant located?
The property is located at 1003 Old Airport Rd Bristol, VA.
What are key features of this property?
This property features: Absolute NNN lease with corporate guarantee from Darden Restaurants, Inc.; Approximately 11 years remain on the original 15‑year lease term; Annual 1.5% rent increases during the primary term and four 5‑year options
