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Shopping Strip

Linden Place | Bristol, VA

3175 Linden Dr, Bristol, VA 24202

Listing Price: $2,119,000

Cap Rate
9.00%
Gross SF
12,337
Rentable SF
12,337
Price/Gross SF
$171.76
Lot Size
1.03 acres
Year Built
2003

Investment Overview

LINDEN PLACE | UNANCHORED RETAIL STRIP CENTER
• Linden Place is a 12,337 SF multi-tenant retail strip center located in a major retail corridor of Bristol, VA
• 100% leased to a complementary mix of e-commerce-resistant tenants including restaurant and medical users
• The center is adjacent to national retailers including Walmart Supercenter, Lowe’s, The Home Depot, and more
• Tenant lineup includes strong performers such as Harper Medical & Wellness, Hopkins Medical, the Virginia Department of Transportation (VDOT), and El Señor Mexican Restaurant

STRONG TENANT MIX
• 100% leased to a complementary mix of e-commerce-resistant tenants, including medical, government, and restaurant users, driving consistent daily foot traffic
• Harper Aesthetics is backed by a high-net-worth lessee and provides medical aesthetics services to the Tri-Cities region (Bristol–Kingsport MSA)
• Hopkins Medical Association operates 7 locations across Virginia, West Virginia, and Kentucky, offering primary care, pain management, and wellness services
• Virginia Department of Transportation (VDOT) is a state agency with an annual budget of $8.9 billion, providing stable tenancy
• El Señor Rancho operates under a 5-year NNN lease with a personal guaranty and is part of a 5-unit Mexican restaurant group
• The healthcare-focused tenant mix positions the center as a key destination for local medical services while supporting strong, recurring visitatio

LOCATED IN DENSE RETAIL POCKET | 1.6M SF OF RETAIL
• Linden Place is located in a dense retail pocket and is surrounded by 1.6M SF of retail within a 1-mile radius
• National tenants including Walmart, Sam’s Club, Tractor Supply, Olive Garden, Chick-fil-A, The Home Depot, and more are located in this corridor
• Three hotels totaling 475 rooms help drive consistent traffic to the area

INTERSTATE LOCATION WITH 55,000 VPD
• Located less than 0.5 miles from Interstate 81 (55,000 VPD), the property offers strong visibility and convenient regional access
• Interstate 81 serves as a key transportation corridor connecting Syracuse, NY, to Knoxville, TN

BRISTOL, VA | TRI-CITIES ECONOMIC CENTER
• Bristol, VA is part of the Tri-Cities region along with Johnson City and Kingsport, boasting a combined MSA population of over 500,000
• The region is anchored by major employers including Ballad Health (13,800 employees), Eastman Chemical Company, and the $500M+ Hard Rock Hotel & Casino Bristol (10 minutes away)
• Tourism is a major economic driver, led by the iconic Bristol Motor Speedway, which attracts over 1 million visitors annually through major racing events and festivals
• Additional regional draws include the Birthplace of Country Music Museum and the Bristol Rhythm & Roots Reunion Festival, promoting year-round tourism
• Strategically located along I-81 near the Tennessee border, Bristol benefits from strong regional connectivity, cross-state commerce, and logistical access

Investment Highlights

  • LINDEN PLACE | UNANCHORED RETAIL STRIP CENTER
  • STRONG TENANT MIX
  • LOCATED IN DENSE RETAIL POCKET | 1.6M SF OF RETAIL
  • INTERSTATE LOCATION WITH 55,000 VPD
  • BRISTOL, VA | TRI-CITIES ECONOMIC CENTER

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

Shopping Strip

Linden Place | Bristol, VA

Listing Price: $2,119,000

Cap Rate
9.00%
Gross SF
12,337
Rentable SF
12,337
Price/Gross SF
$171.76
Lot Size
1.03 acres
Year Built
2003

Investment Highlights

  • LINDEN PLACE | UNANCHORED RETAIL STRIP CENTER
  • STRONG TENANT MIX
  • LOCATED IN DENSE RETAIL POCKET | 1.6M SF OF RETAIL
  • INTERSTATE LOCATION WITH 55,000 VPD
  • BRISTOL, VA | TRI-CITIES ECONOMIC CENTER

Investment Overview

LINDEN PLACE | UNANCHORED RETAIL STRIP CENTER • Linden Place is a 12,337 SF multi-tenant retail strip center located in a major retail corridor of Bristol, VA • 100% leased to a complementary mix of e-commerce-resistant tenants including restaurant and medical users • The center is adjacent to national retailers including Walmart Supercenter, Lowe’s, The Home Depot, and more • Tenant lineup includes strong performers such as Harper Medical & Wellness, Hopkins Medical, the Virginia Department of Transportation (VDOT), and El Señor Mexican Restaurant STRONG TENANT MIX • 100% leased to a complementary mix of e-commerce-resistant tenants, including medical, government, and restaurant users, driving consistent daily foot traffic • Harper Aesthetics is backed by a high-net-worth lessee and provides medical aesthetics services to the Tri-Cities region (Bristol–Kingsport MSA) • Hopkins Medical Association operates 7 locations across Virginia, West Virginia, and Kentucky, offering primary care, pain management, and wellness services • Virginia Department of Transportation (VDOT) is a state agency with an annual budget of $8.9 billion, providing stable tenancy • El Señor Rancho operates under a 5-year NNN lease with a personal guaranty and is part of a 5-unit Mexican restaurant group • The healthcare-focused tenant mix positions the center as a key destination for local medical services while supporting strong, recurring visitatio LOCATED IN DENSE RETAIL POCKET | 1.6M SF OF RETAIL • Linden Place is located in a dense retail pocket and is surrounded by 1.6M SF of retail within a 1-mile radius • National tenants including Walmart, Sam’s Club, Tractor Supply, Olive Garden, Chick-fil-A, The Home Depot, and more are located in this corridor • Three hotels totaling 475 rooms help drive consistent traffic to the area INTERSTATE LOCATION WITH 55,000 VPD • Located less than 0.5 miles from Interstate 81 (55,000 VPD), the property offers strong visibility and convenient regional access • Interstate 81 serves as a key transportation corridor connecting Syracuse, NY, to Knoxville, TN BRISTOL, VA | TRI-CITIES ECONOMIC CENTER • Bristol, VA is part of the Tri-Cities region along with Johnson City and Kingsport, boasting a combined MSA population of over 500,000 • The region is anchored by major employers including Ballad Health (13,800 employees), Eastman Chemical Company, and the $500M+ Hard Rock Hotel & Casino Bristol (10 minutes away) • Tourism is a major economic driver, led by the iconic Bristol Motor Speedway, which attracts over 1 million visitors annually through major racing events and festivals • Additional regional draws include the Birthplace of Country Music Museum and the Bristol Rhythm & Roots Reunion Festival, promoting year-round tourism • Strategically located along I-81 near the Tennessee border, Bristol benefits from strong regional connectivity, cross-state commerce, and logistical access

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Managing Director, Market Leader- Mid-Atlantic

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

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