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Linden Drive Centre | 100% Occupied 3177 Linden Dr 7,443 SF 100% Leased Retail Building Bristol, VA 24202 $1,874,529 CAD ($251.85 CAD/SF) 9% Cap Rate
INVESTMENT HIGHLIGHTS
- 3177 Linden Drive is a 100% occupied, multi-tenant retail center spanning 7,443 square feet with a six-suite build-out.
- T-Mobile has occupied since 2020 and all tenants are all on triple-net leases for a hands-free investment opportunity.
- Next to the Virginia Intermediate School, a huge traffic draw that opened in 2024 and consolidated all elementary schools in Bristol.
- Located along a major retail corridor with strong demographics and a 10-mile spending power of more than $1.015 billion.
- Retail synergy is prevalent in the corridor from Target, Walmart Supercenter, Sam’s Club, Hobby Lobby, T.J. Maxx, Olive Garden, Red Lobster, etc.
EXECUTIVE SUMMARY
We are pleased to present a stabilized, multi-tenant retail strip center located at 3177 Linden Dr, Bristol, VA 24202, immediately off the I-81 on/off ramps in a high-visibility, high-traffic retail corridor shared by national co-tenants including Walmart Supercenter, Sam’s Club, Tractor Supply Co., Rural King, Ashley, Mattress Firm, Verizon, AT&T, Starbucks, Olive Garden, Chili’s, IHOP, and others. With frontage exposure to Interstate 81 (55,000 VPD) and convenient access via Old Airport Road, the property benefits from robust daily traffic and strong destination draws that support consistent tenant performance.
The center totals 7,443 SF and is currently 100% leased to three complementary users. T-Mobile (Connectivity Source, LLC), THA Joint, and Ready Golf, creating a diversified rent roll with staggered expirations and a WALT of 4.4 years. Leasing momentum (including the early exercise by T-Mobile and new at THA Joint and Ready Golf) positions the asset for near-term rent growth through scheduled rent increases and multiple option-period escalations.
This offering provides investors with an attractive opportunity to acquire a cash-flowing strip in a prime, interstate-adjacent location within the Bristol metropolitan area, supported by solid household incomes and an expanding retail area
The center totals 7,443 SF and is currently 100% leased to three complementary users. T-Mobile (Connectivity Source, LLC), THA Joint, and Ready Golf, creating a diversified rent roll with staggered expirations and a WALT of 4.4 years. Leasing momentum (including the early exercise by T-Mobile and new at THA Joint and Ready Golf) positions the asset for near-term rent growth through scheduled rent increases and multiple option-period escalations.
This offering provides investors with an attractive opportunity to acquire a cash-flowing strip in a prime, interstate-adjacent location within the Bristol metropolitan area, supported by solid household incomes and an expanding retail area
DATA ROOM Click Here to Access
- Operating and Financials
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PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
7,443 SF
Building Class
B
Year Built
2002
Price
$1,874,529 CAD
Price Per SF
$251.85 CAD
Cap Rate
9%
NOI
$168,742 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.73 AC
Opportunity Zone
Yes
Zoning
GC - Commercial
Frontage
155’ on Linden Dr
AMENITIES
- Freeway Visibility
- Pylon Sign
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22854 | Improvements Assessment | $864,902 CAD |
| Land Assessment | $701,294 CAD | Total Assessment | $1,566,196 CAD |
PROPERTY TAXES
Parcel Number
22854
Land Assessment
$701,294 CAD
Improvements Assessment
$864,902 CAD
Total Assessment
$1,566,196 CAD
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Linden Drive Centre | 100% Occupied | 3177 Linden Dr
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