2725 W State St - Storefront Retail/Office FOR SALE


Bristol, TN 37620- Outer Bristol
$575,000 USD
865-456-7821
2725 W State St, Bristol, TN for Sale
$575,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | 8% Cap Rate

2725 W State St
Bristol, TN 37620
Outer Bristol


OVERVIEW

Room for Expansion – Cheap land basis and higher return for investors. Brand New 5-Year Lease – Savida had been targeting a location on State Street for over a year, establishing commitment to this location. High Growth Area – Brand new Class A Multifamily development known as the Stafford Street Village, and brand-new Class A self-storage development known as Universal Storage Solutions; All located directly across the street from Savida Health. Recession Resistant – Medical deals provide stability in times of economic uncertainty compared to standard retailers. Corporate Guarantee – Savida has 54+ locations and continues to expand across the Southeast. Premier State Street Location – Less than one mile from the new Hard Rock Casino & Hotel, as well as many other national retailers such as McDonald’s, Taco Bell, Walgreens, Arby’s, Dollar Tree, & many more. Increased Cash-flow – 2.00% annual rental increases. Recent Improvements – Recent improvements to the building & parking lot.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$280 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

020B-B-013.00

ASK ABOUT THIS PROPERTY

Tanner SanfordMatthews Real Estate Investment ServicesMore Info
865-456-7821

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Tanner SanfordMatthews Real Estate Investment ServicesMore Info
865-456-7821

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.