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2120 Volunteer Pkwy
Bristol, TN 37620
Retail Property For Sale
Investment Highlights
- 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.
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,055 SF
Building Class
B
Year Built
2006
Price
$3,340,000
Price Per SF
$175.28
Cap Rate
7.50%
NOI
$250,500
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
3.98 AC
Zoning
B3 - General Business
Parking
104 Spaces (5.45 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Awning
Property Taxes
| Parcel Number | 053-001.05 | Improvements Assessment | $480,640 |
| Land Assessment | $347,720 | Total Assessment | $828,360 |
Property Taxes
Parcel Number
053-001.05
Land Assessment
$347,720
Improvements Assessment
$480,640
Total Assessment
$828,360
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