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2120 Volunteer Pkwy
Bristol, TN 37620
Local commercial Bien À vendre
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 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.
Résumé analytique
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.
Informations sur l’immeuble
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Boutique
Surface de l’immeuble
1 770 m²
Classe d’immeuble
B
Année de construction
2006
Prix
2 926 575 €
Prix par m²
1 653,18 €
Taux de capitalisation
7,50 %
RNE
219 493 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,11
Surface du lot
1,61 ha
Zonage
B3 - Affaires générales
Stationnement
104 places (58,75 places par 1 000 m² loué)
Caractéristiques
- Signalisation
- CVC contrôlé par l’occupant
- Accessible fauteuils roulants
- Climatisation
- Awning
Taxes foncières
| Numéro de parcelle | 053-001.05 | Évaluation des aménagements | 421 146 € |
| Évaluation du terrain | 304 679 € | Évaluation totale | 725 826 € |
Taxes foncières
Numéro de parcelle
053-001.05
Évaluation du terrain
304 679 €
Évaluation des aménagements
421 146 €
Évaluation totale
725 826 €
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