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2120 Volunteer Pkwy
Bristol, TN 37620
Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Located adjacent to Walmart, driving consistent traffic with 1.9 million annual visits.
- Opportunity to elevate NOI through lease conversions and below-market rent adjustments.
- Proximity to significant regional attractions including Bristol Motor Speedway and newly opened Hard Rock Casino.
- New Dollar Tree lease began February 2026, accounting for 41% of center’s income under a corporate guarantee.
- No new retail supply delivered in the submarket in five years, reinforcing long-term demand stability
- Strong merchandising synergy with mix of retail, medical, and service tenants supported by Walmart foot traffic.
Résumé de l'annonce
Century Plaza presents a compelling retail investment opportunity in Bristol, Tennessee. This 100% leased, Walmart shadow-anchored center spans 19,055 square feet and benefits from exceptional traffic, with Walmart attracting approximately 1.9 million annual visits. The property is competitively priced at $3,340,000, representing a 7.5% cap rate, and offers an attractive, low basis below replacement cost.
Income durability is strengthened by Dollar Tree’s corporate lease, which commenced in February 2026 and accounts for 41% of base rent. The center offers value-add upside through three tenants with expiring leases over the next four years, currently positioned at below-market rents averaging $15.18 per SF. Additional growth potential stems from converting gross leases to NNN structures and capturing future market rent adjustments.
The absence of new retail supply over the last five years, coupled with strong local economic drivers such as tourism at Bristol Motor Speedway and a new Hard Rock Casino, further enhances Century Plaza’s investment profile.
Income durability is strengthened by Dollar Tree’s corporate lease, which commenced in February 2026 and accounts for 41% of base rent. The center offers value-add upside through three tenants with expiring leases over the next four years, currently positioned at below-market rents averaging $15.18 per SF. Additional growth potential stems from converting gross leases to NNN structures and capturing future market rent adjustments.
The absence of new retail supply over the last five years, coupled with strong local economic drivers such as tourism at Bristol Motor Speedway and a new Hard Rock Casino, further enhances Century Plaza’s investment profile.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Boutique
Taille du bâtiment
19 055 pi²
Classe d’immeuble
B
Année de construction
2006
Prix
4 704 356 $ CAD
Prix par pi²
246,88 $ CAD
Taux de capitalisation
7,50%
Revenu net d’exploitation
352 827 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,11
Taille du lot
3,98 AC
Zonage
B3 - Affaires générales
Stationnement
104 places (5,45 places par 1 000 pi² loué)
Commodités
- Affichage
- CVCA contrôlé par le locataire
- Accessible aux fauteuils roulants
- Climatisation
- Awning
Impôts fonciers
| Numéro de lot | 053-001.05 | Évaluation des bâtiments | 676 977 $ CAD |
| Évaluation du terrain | 489 760 $ CAD | Évaluation totale | 1 166 737 $ CAD |
Impôts fonciers
Numéro de lot
053-001.05
Évaluation du terrain
489 760 $ CAD
Évaluation des bâtiments
676 977 $ CAD
Évaluation totale
1 166 737 $ CAD
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