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316 7th St
Bristol, TN 37620
Office Property For Sale
Executive Summary
CRE Holdings USA is pleased to present an exclusive opportunity to acquire a 100% fee-simple, NNN-leased veterinary facility in Bristol, Tennessee. This sale-leaseback investment offers a credit-backed, long-duration income stream in a market experiencing transformative economic growth — purpose-built real estate with institutional-quality lease terms at a community asset scale.
INVESTMENT HIGHLIGHTS
? Creditworthy Tenant — VetEvolve is backed by Varsity Healthcare Partners
? Exceeding $100M and 14.9% EBITDA growth, offering institutional-caliber covenant strength.
? Predictable, Growing Income — Contractual ~2% annual rent escalations throughout the lease term provide built-in inflation protection.
? Minimal Landlord Obligations — True NNN structure with tenant responsible for taxes, insurance, interior maintenance, HVAC, landscaping, and parking.
? Market Catalyst — The $400M Hard Rock Hotel & Casino development is projected to create 5,200+ jobs and attract up to 4 million visitors annually, reshaping Bristol's economic trajectory.
? Supply-Constrained Downtown Location — 2.6% downtown vacancy with asking rents among the highest in the Bristol market.
INVESTMENT HIGHLIGHTS
? Creditworthy Tenant — VetEvolve is backed by Varsity Healthcare Partners
? Exceeding $100M and 14.9% EBITDA growth, offering institutional-caliber covenant strength.
? Predictable, Growing Income — Contractual ~2% annual rent escalations throughout the lease term provide built-in inflation protection.
? Minimal Landlord Obligations — True NNN structure with tenant responsible for taxes, insurance, interior maintenance, HVAC, landscaping, and parking.
? Market Catalyst — The $400M Hard Rock Hotel & Casino development is projected to create 5,200+ jobs and attract up to 4 million visitors annually, reshaping Bristol's economic trajectory.
? Supply-Constrained Downtown Location — 2.6% downtown vacancy with asking rents among the highest in the Bristol market.
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Office
Property Subtype
Medical
Building Size
4,525 SF
Building Class
C
Year Built
2015
Price
$1,983,136 CAD
Price Per SF
$438.26 CAD
Cap Rate
6.60%
NOI
$130,962 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
4,525 SF
Building FAR
0.43
Lot Size
0.24 AC
Opportunity Zone
Yes
Zoning
B-1A - Business Instituti - B-1A - Business Institutional
Amenities
- Signage
Property Taxes
| Parcel Number | 020D-H-020.00 | Improvements Assessment | $325,234 CAD |
| Land Assessment | $27,354 CAD | Total Assessment | $352,588 CAD |
Property Taxes
Parcel Number
020D-H-020.00
Land Assessment
$27,354 CAD
Improvements Assessment
$325,234 CAD
Total Assessment
$352,588 CAD
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