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31246620
31233367

3175 Linden Dr, Bristol, VA 24202

ZT
GA 266327
Marcus & Millichap - Atlanta
EA
GA 407938
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$2,119,000
77 days on market
Updated 76 days ago
Opportunity zone

Linden Place

Details
Property Type Retail
Sub Type Restaurant, Storefront (+1)
Square Footage 12,337
Units 4
Cap Rate 9.00%
NOI $190,715
Occupancy 100%
Tenancy Multi
Price per SqFt $172
Year Built 2003
Buildings 1
Acreage 1.030

Medetail Center | Bristol, VA | Prime Location near Interstate 81 (55,000VPD)

Investment highlights

LINDEN PLACE | UNANCHORED RETAIL STRIP CENTER
• Linden Place is a 12,337 SF multi-tenant retail strip center located in a major retail corridor of Bristol, VA
• 100% leased to a complementary mix of e-commerce-resistant tenants including restaurant and medical users
• The center is adjacent to national retailers including Walmart Supercenter, Lowe’s, The Home Depot, and more
• Tenant lineup includes strong performers such as Harper Medical & Wellness, Hopkins Medical, the Virginia Department of Transportation (VDOT), and El Señor Mexican Restaurant

STRONG TENANT MIX
• 100% leased to a complementary mix of e-commerce-resistant tenants, including medical, government, and restaurant users, driving consistent daily foot traffic
• Harper Aesthetics is backed by a high-net-worth lessee and provides medical aesthetics services to the Tri-Cities region (Bristol–Kingsport MSA)
• Hopkins Medical Association operates 7 locations across Virginia, West Virginia, and Kentucky, offering primary care, pain management, and wellness services
• Virginia Department of Transportation (VDOT) is a state agency with an annual budget of $8.9 billion, providing stable tenancy
• El Señor Rancho operates under a 5-year NNN lease with a personal guaranty and is part of a 5-unit Mexican restaurant group
• The healthcare-focused tenant mix positions the center as a key destination for local medical services while supporting strong, recurring visitatio

LOCATED IN DENSE RETAIL POCKET | 1.6M SF OF RETAIL
• Linden Place is located in a dense retail pocket and is surrounded by 1.6M SF of retail within a 1-mile radius
• National tenants including Walmart, Sam’s Club, Tractor Supply, Olive Garden, Chick-fil-A, The Home Depot, and more are located in this corridor
• Three hotels totaling 475 rooms help drive consistent traffic to the area

INTERSTATE LOCATION WITH 55,000 VPD
• Located less than 0.5 miles from Interstate 81 (55,000 VPD), the property offers strong visibility and convenient regional access
• Interstate 81 serves as a key transportation corridor connecting Syracuse, NY, to Knoxville, TN

BRISTOL, VA | TRI-CITIES ECONOMIC CENTER
• Bristol, VA is part of the Tri-Cities region along with Johnson City and Kingsport, boasting a combined MSA population of over 500,000
• The region is anchored by major employers including Ballad Health (13,800 employees), Eastman Chemical Company, and the $500M+ Hard Rock Hotel & Casino Bristol (10 minutes away)
• Tourism is a major economic driver, led by the iconic Bristol Motor Speedway, which attracts over 1 million visitors annually through major racing events and festivals
• Additional regional draws include the Birthplace of Country Music Museum and the Bristol Rhythm & Roots Reunion Festival, promoting year-round tourism
• Strategically located along I-81 near the Tennessee border, Bristol benefits from strong regional connectivity, cross-state commerce, and logistical access

Listing Contacts

ZT
GA 266327
Marcus & Millichap - Atlanta
EA
GA 407938
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$190,715.00
$15,892.92/mo

Valuation Metrics

0
DSCR
9%
Cap Rate
9%
ROI

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Additional Information

Name
Brian Hosey
License
VA 0225247494
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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