1175 Volunteer PkwyBristol, TN 37620

Property Details for 1175 Volunteer Pkwy

Year built

2005

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.30 AC

Property size (Sq ft)

6,886 SF

Property type

Retail properties

Property subtype

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.

Location Insight

City

Bristol

County

Sullivan

State

Tennessee

Latitude

36.5688

Longitude

-82.1985

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].