226 Stevens TrlBristol, TN 37620

Property Details for 226 Stevens Trl

Year built

2023

Lot size

1.76 AC

Property size (Sq ft)

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.

Location Insight

City

Bristol

County

Sullivan

State

Tennessee

Latitude

36.5901

Longitude

-82.2599

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