Popeyes & McAlister’s Strip Center
Multi-Tenant Offerings
Popeyes & McAlister’s Strip Center
1325 & 1363 Euclid Avenue
Bristol (Kingsport/Johnson City MSA), VA
- Price:
- $3,986,000
- Cap Rate:
- 7.00%
- NOI:
- $279,012
- Rentable SQFT:
- 10,708 SF
- Year Built:
- 2018
- Lot Size:
- 1.30 +/- Acres
- Status:
- Available
Investment Highlights
- 100% Occupied by Four Tenants with 10-Year Leases
- Strong Unit-Level Sales, All Tenants have Low Rent-to-Sales Ratios
- New 2018 Construction with a Drive-Thru, Minimal Landlord Responsibilities
- 65,750 Residents in Growing Trade Area, Serving Southwest Virginia and Eastern Tennessee
- Nearby Residents in Tennessee Travel to Bristol, VA because the Sales Tax is Nearly 50% Less
- Highly Visible to 49,500 Cars/Day, Hard Corner Location at Signalized Intersection
- Just South of I-81 with 61,000 Cars/Day, Direct Access to Downtown Knoxville
- Directly Across from New Food City Grocery Anchored Shopping Center
- Strong Daytime Population, Over 54,548 Employees within 5 Miles
- Close Proximity to $150 Million Proposed Bristol Resort & Casino, Projected to Attract 3 Million Visitors Annually
- Only a 10-Minute Drive to Bristol Regional Medical Center, a 348-Bed State-of-the-Art Hospital Campus with 1,885+ Employees
- Surrounded by Several K-12 Schools with 4,332 Students and Two Universities with 3,406 Students
- West of Mt. Rogers with Approximately 5 Million Visitors Annually
- 7 Miles to Bristol Motor Speedway with NASCAR Racing and NHRA Drag Racing Events
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