For Sale
$1,700,000

4521 Bristol Hwy Piney Flats, TN 37686

15,313 SF Office, 8.82% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
136
This fee-simple office building, totaling 15,313 square feet, is situated on a 1.24-acre lot in Piney Flats, Tennessee (Sullivan County, zip code 37686), at 4521 Bristol Hwy. Built in 1984 and renovated in 2005, the property boasts a 100% occupancy rate with a current asking price of $1,700,000 ($111.02/sq ft). The property features a brand new 5-year lease with American Fundraising Group, an absolute NNN lease with zero landlord responsibilities, generating a net operating income (NOI) of $150,000 and an 8.82% cap rate. The B-4 General Commercial zoning allows for diverse uses. The location benefits from high visibility and accessibility on Bristol Highway (25,700 vehicles per day) and proximity to Interstate 26 (37,500 vehicles per day), placing it within a thriving retail corridor alongside national tenants such as Tractor Supply Co, Dollar General, Food City, Shell, and Cracker Barrel. The 10-mile trade area encompasses a population exceeding 167,100 residents and 102,200 employees, with a strong average household income of $119,053 within a 3-mile radius. This presents a compelling investment opportunity with strong demographics and minimal management requirements.

Highlights

  • Brand new, five-year lease with a growing regional primary school fundraising company.
  • Absolute NNN lease; fee simple ownership; no landlord responsibilities.
  • High-traffic location on Bristol Hwy (25,700 VPD) and near Interstate 26 (37,500 VPD), with strong retail neighbors.
  • Strong demographics within a 10-mile radius, including six-figure household incomes.

Property Details for 4521 Bristol Hwy

Property type
Office properties
Square Feet
15,313 SF
Year Built/Renovated
1984/2005
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Piney Flats
County
Sullivan
State
Tennessee
Latitude
36.403054
Longitude
-82.3476145

FAQs

What type of property is this?
Office property - 15,313 SF Office, 8.82% Cap Rate
Where is the office property located?
The property is located at 4521 Bristol Hwy Piney Flats, TN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Brand new, five-year lease with a growing regional primary school fundraising company.; Absolute NNN lease; fee simple ownership; no landlord responsibilities.; High-traffic location on Bristol Hwy (25,700 VPD) and near Interstate 26 (37,500 VPD), with strong retail neighbors.
How can I contact the broker?
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4521 Bristol Hwy
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