Catylist ID:
#30787065
New Chipotle The Pinnacle Bristol, TN
Retail-Commercial
for Sale
Sale Pending
| Catylist Listing ID: | 30787065 |
| Property Subtypes: | Free-Standing Building, Restaurant |
| Status: | Pending |
| Building Size (RSF): | 4,132 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 1.41 Acres |
| Sale Price: | $3,530,000 |
| Unit Price: | $854.31 PSF |
| Is Quick-Service Restaurant? | Yes |
| Has Drive-Thru? | Yes |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Building Name: | Corporate Backed Chipotle New Construction |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 4.0% |
| Average Occupancy Rate: | 100 |
| Last Updated: | 1/25/2023 |
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. Do Not Disturb Operation. |
Attachments & Media
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: | 2,525 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 |
Contact
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