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Shopping Community

The Shops at Bristol Commons

3170 Linden Dr, Bristol, VA 24202

Listing Price: $4,983,682

Cap Rate
7.25%
Gross SF
48,800
Rentable SF
48,800
Price/Gross SF
$102.12
Lot Size
8.06 acres
Year Built
2003

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively present the opportunity to purchase The Shops at Bristol Commons, a 48,800-square-foot retail center built in 2003 and located in the major shopping area of Bristol, Virginia between Lee Highway (US-19) and Interstate-81. Goodwill and Bristol Healthcare are among the strong tenants at the center and occupy over 30 percent of the center’s gross leasable area. This Goodwill location is owned by Goodwill of Tenneva who operates nine locations in a 17-county service area located in Southwest Virginia and Eastern Tennessee. According to Placer.ai data, this is a strong-performing Goodwill store and is the top location within 30-miles. In addition, Goodwill just recently remodeled their store proving their long-term commitment to the center.

Investment Highlights

  • National and Regional Tenants Make up 80 percent of the Gross Leasable Area
  • Top Goodwill Within 30-Miles Per Placer.Ai with 77,000 Annual Visits
  • Visible From and Directly Off of I-81 With 55,000+ Vehicles Per Day

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Jeffrey Pensak

    Associate

    (202) 536-3760

    Email Jeffrey

    License(s): MD: 681663

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Shopping Community

The Shops at Bristol Commons

Listing Price: $4,983,682

Cap Rate
7.25%
Gross SF
48,800
Rentable SF
48,800
Price/Gross SF
$102.12
Lot Size
8.06 acres
Year Built
2003

Investment Highlights

  • National and Regional Tenants Make up 80 percent of the Gross Leasable Area
  • Top Goodwill Within 30-Miles Per Placer.Ai with 77,000 Annual Visits
  • Visible From and Directly Off of I-81 With 55,000+ Vehicles Per Day

Investment Overview

Marcus & Millichap, on behalf of ownership, is pleased to exclusively present the opportunity to purchase The Shops at Bristol Commons, a 48,800-square-foot retail center built in 2003 and located in the major shopping area of Bristol, Virginia between Lee Highway (US-19) and Interstate-81. Goodwill and Bristol Healthcare are among the strong tenants at the center and occupy over 30 percent of the center’s gross leasable area. This Goodwill location is owned by Goodwill of Tenneva who operates nine locations in a 17-county service area located in Southwest Virginia and Eastern Tennessee. According to Placer.ai data, this is a strong-performing Goodwill store and is the top location within 30-miles. In addition, Goodwill just recently remodeled their store proving their long-term commitment to the center.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

  • Josh Ein

    First Vice President Investments

    (202) 536-3726

    Email Josh

    License(s): DC: SP98371724, MD: 643676, VA: 0225242141

    Washington, D.C.

  • David S. Crotts

    First Vice President Investments

    (202) 536-3757

    Email David

    License(s): MD: 652010, VA: 0225208906, DC: SP98374073

    Washington, D.C.

  • Jeffrey Pensak

    Associate

    (202) 536-3760

    Email Jeffrey

    License(s): MD: 681663

    Washington, D.C.

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): VA: 0225247494

    Virginia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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