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Shops of Volunteer Pkwy 2131 Volunteer Pky 7,845 SF 100% Leased Retail Building Bristol, TN 37620 $1,424,966 ($181.64/SF) 9.02% Cap Rate
INVESTMENT HIGHLIGHTS
- Value-add Potential – Shops of Volunteer Pkwy has one tenant paying as low as $5.50 PSF, providing a significant opportunity for future upside
- E-Commerce Resilience – Tenancy profile is predominantly service oriented- offering resistance to online retail disruption.
- High Yield Investment – 9.00% cap rate offers investors a high day one yield on in place NOI.
- Strip Center Intrinsic – Shops of Volunteer Pkwy embodies the low risk associated with smaller, leasable tenant spaces.
- Attractive Retail Design – Shops of Volunteer Pkwy features prominent signage, ample parking, and high visibility, ideal for tenant success
- Tenant Stability – Tenants have executed multiple renewals showing years of commitment to the site and ensuring stable cash flow.
EXECUTIVE SUMMARY
Broker of Record
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
7,845 SF
Year Built
2004
Price
$1,424,966
Price Per SF
$181.64
Cap Rate
9.02%
NOI
$128,504
Percent Leased
100%
Building Height
1 Story
Frontage
114’ on Volunteer Pky
PROPERTY TAXES
| Parcel Number | 053I-A-016.20 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $312,720 |
PROPERTY TAXES
Parcel Number
053I-A-016.20
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$312,720
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Shops of Volunteer Pkwy | 2131 Volunteer Pky
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