226 Stevens Trl Bristol, TN 37620
- Retail properties
- 7,439 SF
- 1.76 lot acres
Current Use by Public Records
- Retail properties
Property Details for 226 Stevens Trl
- Year built
- 2023
- Lot size
- 1.76 lot acres
- Property size
- 7,439 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
Exceptional investment opportunity: A brand-new, 7,439 square foot bar and restaurant in Bristol, Tennessee, is available for purchase. This fee-simple property boasts a 15-year absolute NNN lease with a prominent tenant, featuring 10% rental increases every five years, ensuring consistent income growth. The property is an outparcel to The Pinnacle, a thriving 1.3 million square foot power center anchored by national retailers such as Marshalls, Chick-fil-A, Michaels, Belk, and Outback Steakhouse. Its strategic location off I-81 (53,200 vehicles per day) provides excellent visibility and accessibility. The property includes 117 parking spaces and sits on a 1.76-acre lot within a strong demographic area, boasting over 35,000 residents and 26,000 employees, with an average household income exceeding $75,606 within a one-mile radius. The property is zoned PBD (Planned Business District) and was built in 2023. The lease commenced October 1, 2023, and expires October 1, 2038, with four 5-year lease options. The asking price is $6,615,000, representing a 7.00% cap rate and a price per square foot of $889.23. The current Net Operating Income (NOI) is $463,080, with 100% occupancy. This is a truly passive investment opportunity with no state income tax. The property's address is 226 Stevens Trail, Bristol, TN 37620. APN: 082019 19268.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.2599
- Latitude
- 36.5901
