New Chipotle The Pinnacle Bristol, TN
Retail-Commercial
for Sale
| Catylist Listing ID: |
30787065 |
| Property Subtypes: |
Free-Standing Building, Restaurant
|
| Building Size (RSF): |
4,132 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
1.41 Acres
|
| Sale Price: |
$3,157,895 |
| Unit Price: |
$764.25 PSF |
| Is Quick-Service Restaurant? |
Yes |
| Has Drive-Thru? |
Yes |
| Property Use Type: |
Investment |
| Building Name: |
Corporate Backed Chipotle New Construction |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
4.75% |
| Average Occupancy Rate: |
100 |
| Last Updated: |
5/17/2023 |
Overview / Comments
Located in Bristol, TN along Interstate 81 in The Pinnacle, is a 240-acre shopping center and commercial development located in Bristol, Tennessee along the Border of Tennessee, and Virginia.
Anchor stores are Bass Pro Shop / Cabela's, Belk, Dick's Sporting Goods, Best Buy, CarMax, and Marquee Cinemas. Its junior anchors are Old Navy, Michael's, ULTA, Kirkland's, and Marshall's.
Chipotle Corporate Backed Lease. Renovation of "former Steak N Shake" to the New “Chipotlane” Concept. (15) Year Initial Lease 10% Rent Increases every (5) Years. Four (5) Year Options.
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Additional Details
| Nearest MSA: |
Kingsport-Bristol |
| County: |
Sullivan |
| Taxing Authority: |
Sullivan |
| Tax ID/APN: |
08201919270 |
| Retail Clientele: |
General, Business, Traveler, Tourist, Recreation |
| Property Located Between: |
Zaxby's and CarMax |
| Property Visibility: |
Excellent |
| Largest Nearby Street: |
Pinnacle Parkway |
| Feet of Frontage: |
174 |
| Traffic/Vehicle Count: |
41,912 |
| Highway Access: |
Interstate 81/ Highway 11 |
| Site Description: |
Level Lot along Pinnacle Parkway near Traffic Light with access from Pinnacle Parkway in the Front and Stevens Trail in the Rear. |
| Area Description: |
Anchor stores are Bass Pro Shop / Cabela's, Belk, Dick's Sporting Goods, Best Buy, CarMax, and Marquee Cinemas. Its junior anchors are Old Navy, Michael's, ULTA, Kirkland's, and Marshall's.
|
| Tenancy: |
Single Tenant |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Typical SF / Floor: |
4,132 SF |
| Property Condition: |
Excellent |
| Year Built: |
2016 |
| Year Renovated: |
2022 |
| Roof Type: |
Flat |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,355 |
11,964 |
39,897 |
| Median Age: |
46.89 |
43.43 |
42.91 |
| Households: |
1,002 |
4,904 |
17,281 |
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The information presented herein is provided as is, without warranty of any kind.
Neither Knoxville Area Association of REALTORS® nor
Moody's assume any liability for errors or omissions.
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