REDUCED!! Pizza Hut, Exit 7

Retail-Commercial for Sale
Catylist Listing ID: 29937597
Property Subtypes: Restaurant
Building Size (RSF): 3,622 SF
Gross Building Area: See Agent
Sale Price: $499,000
Unit Price: $137.77 PSF
Property Use Type: Net Leased Investment (NNN)
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/10/2017

Overview / Comments

Highly visible restaurant building is available for sale just off I-81, exit 7, in front of the Shops at Bristol Commons. The property is located next to Cinemark Tinseltown movie theater and across from Marriott Courtyard and Holiday Inn hotels. Permanent parking and access easements are in place across the adjoining Tinseltown and Outback Steakhouse parcels.

Directions from I-81: Take exit 7, then travel north on Old Airport Rd. Take the first left onto Linden Drive. Subject will be on the right in approx. 0.4 miles, next to Tinseltown movie theater.

Additional Details

Nearest MSA: Kingsport-Bristol-Bristol
County: Washington
Taxing Authority: Bristol, Virginia
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Good
Largest Nearby Street: I-81
Feet of Frontage: 155
Traffic/Vehicle Count: 49,000
Highway Access: I-81 at Exit 7
Airports: Tri-Cities Airport is approximately 25 minutes from the site
Site Description: Site is part of a larger planned development to include a multiplex cinema, outback, retail and is across the street from a Marriott Courtyard.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,622 SF
Property Condition: Excellent
Year Built: 1997
Roof Type: Flat
Construction/Siding: Brick
Exterior Description: Combination brick and EIFS
Total Parking Spaces: 62
Parking Type: Surface
Parking Description: 62 spaces
Heat Type: Electricity
Zoning Description: Retail
Lot Frontage: 155
Lot Depth: 248
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 771 25,817 49,903
Median Age: 40.23 41.03 41.92
Households: 334 10,906 21,380
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