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Advance Financial Strip Center

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INVESTMENT OFFERING

SAB Capital is pleased to present this three-tenant site in Bristol, Tennessee occupied by Advance Financial and ColorMatch built in 2017. Advance Financial will sign an 11-year lease upon the close of escrow with 2% annual increases built in, serving as a hedge against inflation. ColorMatch is a local distributor of refinish coatings serving the auto body repair, industrial, marine and aviation industries. The site is located along Volunteer Parkway, a major retail corridor in Bristol that sees over 24,000 vehicles per day.

  • 82% Occupied Three-Tenant Strip Center with Advance Financial and ColorMatch in Bristol, TN | 16 Miles Northeast of Johnson City
  • Located on an Established Retail Corridor | 24,000+ Vehicles Per Day (VPD)
  • Recently Extended Tenant | ColorMatch Exercised 5-Year Option
  • Advance Financial Will Sign a New 11-Year Lease at the Close of Escrow | Strong Commitment to Site
  • Advance Financial Has 2% Increases Built into its New Lease | Hedge Against Inflation
  • Below Market Rent For ColorMatch | Rent is Set at Only $5.50 Per Square Foot
  • Located Across the Street From a Walmart Supercenter | Store Generates High Volumes of Customer Traffic
  • National Retailers Located Nearby | Pizza Hut, Burger King, Wendy’s, Jersey Mike’s, Walgreens, Aspen Dental, Lowe’s, and Many More

Tenant Price Cap Rate Lease Type Square Feet Status
Advance Financial | ColorMatch | Local CPA $1,100,000 % Closed

Dominic Padula

VICE PRESIDENT | INVESTMENT SALES
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