NNN Chipotle New The Pinnacle PRICE REDUCTION

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: $3,750,000
Unit Price: $907.55 PSF
Is Quick-Service Restaurant? Yes
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Corporate Backed NNN Chipotle New Construction
Sale Terms: Cash to Seller
Cap Rate: 4.0%
Average Occupancy Rate: 100
Last Updated: 9/22/2022

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.

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: Structure

View FullscreenMap

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

Photograph of Listing Agent

Ed Thompson

SIG Real Estate KAAR CIE Member
Photograph of Listing Agent

Keith Widmer

SIG Real Estate KAAR CIE Member
Photograph of Listing Agent

Nick Widmer

SIG Real Estate KAAR CIE Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Knoxville Area Association of REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.