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INVESTMENT OFFERING

SAB Capital is pleased to present a 13,530 square foot, nine-tenant retail strip center in Bristol, TN that is 100% occupied. The subject is a 2008 build and features a mix of nationally, regionally, and locally recognized tenants, with the most notable being Papa John’s. All tenants are under modified gross (MG) lease terms. Its location on Volunteer Parkway puts the subject in a dense trade area, with over 1.4 million square feet of retail space within 1 mile. Bristol is situated on the northeast border of Tennessee and Virginia, approximately 17 miles northeast of Johnson City, and is home to 26,852 residents.

  • Bristol Crossing in Bristol, TN |  9-Tenant Office & Retail Center Located Along Volunteer Parkway
  • Volunteer Parkway is a Heavily Trafficked Thoroughfare |  Subject Sees 31,000+ Vehicles Per Day (VPD)
  • National and Regional Tenant |  Papa John’s is a Nationally Recognized Brand | Accuforce Are Regionally Recognized Brands
  • Located in an Established Retail Market |  Over 1.4 Million Square Feet of Retail Space Within 1 Mile of the Subject
  • Strong Population of 23,413 Residents Within Two Miles of the Subject |  Creates an Above Average Sized Customer Base
  • New Lease Signed for Units 5 & 9/10 |  Tenant Has Committed to Space Through January and June 2024
  • National Retailers Within the Vicinity of the Subject Include: |  Applebee’s, McDonald’s, Citizen’s Bank, O’Reilly’s Auto Parts and Many Others

Tenant Price Cap Rate Lease Type Square Feet Status
Bristol Crossing $1,750,000 % Double Net Closed

Dominic Padula

VICE PRESIDENT | INVESTMENT SALES
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