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413 Pinnacle Pkwy Bristol, TN

For Sale
$3,072,757

Fee simple 4,132 SF building on 1.41-acre lot.

Property size:
4,132 SF
Lot size:
1.41 Acres

Property Features for 413 Pinnacle Pkwy

General Information

Size
4,132 SF
Lot size
1.41 Acres

Source: SIG Real Estate Agent Keith Widmer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Chipotle Corporate Backed Investment Property

This fee simple property features a 4,132-SF building situated on a 1.41-acre lot. The property is leased to Chipotle Corporate, featuring the "Chipotlane" concept, under a 15-year initial lease with 10% rent increases every five years and four five-year options. Rent commencement was in May 2022. The landlord is responsible for shopping center CAM, estimated at $4,044 annually. Located in Bristol, TN, the property is positioned along Interstate 81 within The Pinnacle, a 240-acre lifestyle center and commercial development that straddles the Tennessee and Virginia border. Anchor stores in The Pinnacle include Bass Pro Shop / Cabela's, Belk, Dick's Sporting Goods, Best Buy, CarMax, and Marquee Cinemas. Junior anchors consist of Old Navy, Michael's, ULTA, Kirkland's, and Marshall's. A $500 million Hard Rock Casino / Entertainment Complex is under development less than three miles from The Pinnacle in Bristol, VA.
Location Intelligence

Current Use by Public Records

Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

Suggested Use

Realty agency Restaurant Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Hotel & Motel

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Bristol
County
Sullivan
State
Tennessee
Longitude
-82.1887444
Latitude
36.5951059

FAQs

What type of property is this?
Drive through restaurant - Fee simple 4,132 SF building on 1.41-acre lot.
Where is this drive through restaurant located?
The property is located at 413 Pinnacle Pkwy Bristol, TN.
What is the asking price?
The asking price for this property is $3,072,757.
What are key features of this property?
This property features: - 15-year initial lease with Chipotle, a corporate-backed tenant.; - Located in The Pinnacle, a 240-acre lifestyle center with major anchor stores.; - 10% rent increases every 5 years, providing a hedge against inflation.
More about this property
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