3177 Linden Dr - Storefront FOR SALE


Bristol, VA 24202
$1,360,000 USD
714-400-6267
3177 Linden Dr, Bristol, VA for Sale
$1,360,000 USD
Storefront - FOR SALE
1/11
null | 9% Cap Rate

3177 Linden Dr
Bristol, VA 24202


HIGHLIGHTS

  • 3177 Linden Drive is a 100% occupied, multi-tenant retail center spanning 7,443 square feet with a six-suite build-out.
  • Located along a major retail corridor with strong demographics and a 10-mile spending power of more than $1.015 billion.
  • T-Mobile has occupied since 2020 and all tenants are all on triple-net leases for a hands-free investment opportunity.
  • Retail synergy is prevalent in the corridor from Target, Walmart Supercenter, Sam’s Club, Hobby Lobby, T.J. Maxx, Olive Garden, Red Lobster, etc.
  • Next to the Virginia Intermediate School, a huge traffic draw that opened in 2024 and consolidated all elementary schools in Bristol.

OVERVIEW

We are pleased to present a stabilized, multi-tenant retail strip center located at 3177 Linden Dr, Bristol, VA 24202, immediately off the I-81 on/off ramps in a high-visibility, high-traffic retail corridor shared by national co-tenants including Walmart Supercenter, Sam’s Club, Tractor Supply Co., Rural King, Ashley, Mattress Firm, Verizon, AT&T, Starbucks, Olive Garden, Chili’s, IHOP, and others. With frontage exposure to Interstate 81 (55,000 VPD) and convenient access via Old Airport Road, the property benefits from robust daily traffic and strong destination draws that support consistent tenant performance. The center totals 7,443 SF and is currently 100% leased to three complementary users. T-Mobile (Connectivity Source, LLC), THA Joint, and Ready Golf, creating a diversified rent roll with staggered expirations and a WALT of 4.4 years. Leasing momentum (including the early exercise by T-Mobile and new at THA Joint and Ready Golf) positions the asset for near-term rent growth through scheduled rent increases and multiple option-period escalations. This offering provides investors with an attractive opportunity to acquire a cash-flowing strip in a prime, interstate-adjacent location within the Bristol metropolitan area, supported by solid household incomes and an expanding retail area

FOR SALE DETAILS

PRICE

$1,360,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Linden Drive Centre | 100% Occupied

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

GC

APN/PARCEL ID

22854

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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