2321 Volunteer PkwyBristol, TN 37620

This exceptional 7,400 square foot storefront, located at 2321 Volunteer Pkwy in Bristol, Tennessee (zip code 37620), presents a lucrative investment opportunity. The property, built in 1964 and boasting a Class B rating, is situated on a 0.23-acre lot and zoned B-4. Currently vacant, this two-story building offers a wide-open floor plan ideal for retail or office conversion. A significant advantage is the inclusion of a drive-in garage and ample rear parking. The property is offered as a Net Lease (NNN) with a 3-year lease term commencing February 1, 2024, and expiring February 1, 2027. The asking price is $375,000, translating to $50.68 per square foot, and yields a compelling 9.60% cap rate based on a Net Operating Income (NOI) of $36,000. The building's 100% occupancy is effective February 2, 2024. No rent bumps are included in the lease. Two lease options are available. This property is ready for immediate occupancy and presents significant potential for a savvy investor seeking a high-return, versatile commercial space in a desirable location. The property features a single tenancy and no tenant credit rating is available.