Bristol, VA Sheetz

2415 Lee Highway
Lease Type Ground
Cap Rate 4.91%
Property Type Retail
Building Size 9,004 SF
NOI $108,000
Land Area 2.125 AC
Remaining Term 14 Years
Status Closed
Property Highlights

Prominent position in developing retail center: The Property is prominently positioned directly off Lee Highway within The Falls, a developing retail destination off busy Interstate 81. When complete, The Falls will be home to more than one million square feet of retail properties and lifestyle areas.

Sought-after convenience store tenant: Net lease assets occupied by Sheetz are very sought after investments because the made-to-order convenience store food perfected by Sheetz is a well-protected concept even in economic downturns. Additionally, Sheetz invests a substantial amount of funds in each property, giving the Company extra incentive to stay in a given location even within additional option periods.

Regional retail destination: Thanks to its close proximity to Interstate 81, Bristol is linked from Tennessee in the south to New York in the north, making it an ideal center for economic development. Given Bristol’s many entertainment, shopping and recreational opportunities in the midst of a rural environment, the city is often referred to as the “Capital of Southwest Virginia.”

Anchored by the only Cabela's within a 2.5-hour drive, The Falls is gaining a new customer base and will bring a greater sales impact for all tenants.