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2725 W State St
Bristol, TN 37620
Retail Property For Sale
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,052 SF
Building Class
C
Year Built/Renovated
1959/2024
Price
$790,982 CAD
Price Per SF
$385.47 CAD
Cap Rate
8%
NOI
$63,279 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.34 AC
Opportunity Zone
Yes
Parking
8 Spaces (3.9 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 020B-B-013.00 | Improvements Assessment | $46,168 CAD |
| Land Assessment | $47,748 CAD | Total Assessment | $93,916 CAD |
PROPERTY TAXES
Parcel Number
020B-B-013.00
Land Assessment
$47,748 CAD
Improvements Assessment
$46,168 CAD
Total Assessment
$93,916 CAD
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