2120 Volunteer Parkway, Bristol, TN 37620
Century Plaza is a fully leased Walmart-shadow shopping center anchored by strong traffic from the adjacent retailer.
- Added:
- Jun 10, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 20 at 9:51 am
Property Features for 2120 Volunteer Parkway
General Information
- Standard status
- Active
- Size
- 19,055 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2006
Listing agent Margaret Jones License #GA 325517
Listing office Cushman & Wakefield - Atlanta, Georgia
Listing date Jun 10, 2026
Source Crexi
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 Cushman & Wakefield - Atlanta, Georgia
HighLights
- 100% leased 19,055 SF Walmart shadow retail center in Bristol, Tennessee
- Year built: 2006
- Walmart generates 1.9M annual visits to support tenant traffic
- Dollar Tree added in February 2026, representing 41% of base rent under a corporate lease
- Value‑add potential with three tenants expiring without options within the next four years
- Low in‑place rents average $15.18 PSF for expiring tenants
Overview
Located at 2120 Volunteer Parkway in Bristol, Tennessee, Century Plaza includes multiple in-line tenants in addition to the Walmart shadow anchor dynamic. The ownership also notes value-add opportunities tied to three tenants expiring without options within the next four years, with in-place rents averaging $15.18 PSF.
For buyers and brokers seeking an income-focused retail asset, Century Plaza offers current full occupancy supported by a corporate-backed tenant footprint through Dollar Tree. The scheduled expirations over the next four years create a clear timeline for lease repositioning while maintaining the center’s existing tenant mix in the near term. For additional details, including the offering materials, refer to the deal room and OM associated with the listing.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $439.0k | $23.04 |
| − Vacancy | −$18.4k | −$0.97 |
| EGI | $420.6k | $22.07 |
| − OpEx | −$126.2k | −$6.62 |
| NOI | $294.4k | $15.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.232457
- Latitude
- 36.543467
