1175 Volunteer Pkwy Bristol, TN 37620-4619
Property profile & analytics
1175 Volunteer Pkwy, Bristol, TN 37620-4619
- Turn key restaurants
- 6,886 SF
- 2.30 lot acres
Property ID
US80-1654054
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Pardon My Cheesesteak / Restaurant
- IHOP / Restaurant
Property Details for 1175 Volunteer Pkwy
- Year built
- 2005
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.30 lot acres
- Property type
- Turn key restaurants
- APN
- 082037F B 03600
- APU
- 082037FB03600
Description
This exceptional investment opportunity presents a brand-new, single-tenant, 5,946 square foot IHOP restaurant located in Bristol, Tennessee. The property boasts a 15-year absolute NNN lease with Suncakes, LLC, a 34-unit operator wholly owned by Sun Holdings, the second largest franchisee in the U.S. The lease features attractive 10% rent bumps every five years and includes three five-year renewal options, extending the investment's potential well into the future. Situated on a substantial 2.3-acre lot, this property enjoys excellent visibility and accessibility on Volunteer Parkway, a high-traffic area with 19,878 cars passing daily. Its prime location is minutes from major retailers like Walmart and Lowe's Home Improvement, ensuring consistent customer traffic. The property's strong demographics further enhance its appeal, with a total population of 53,233 within a five-mile radius and an average household income of $89,783 within one mile. Built in 2024, this single-story building is zoned C and offers a compelling 5.50% cap rate with a current NOI of $100,000. The property is offered fee simple, including both the building and land. Nearby amenities include The Pinnacle Shopping Mall and King University, further solidifying the location's strength and potential for long-term growth. This is a rare opportunity to acquire a high-performing, passively managed investment with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,400,000
- ML approach
- $1,295,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.1985
- Latitude
- 36.5688
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$222,120
$367,880
$590,000
-
$555,300
$919,700
$1,475,000
