1460 Lee Highway is aretail property for lease in Bristol, VA.
. Strong National Tenant – Over 13 Years Remaining on an Absolute Net Lease with Zero Landlord Responsibilities – Walgreens (NASDAQ: WBA) has an Investment Grade Credit Rating BBB by S&P’s and Annual Revenues that Exceed $103 Billion – Tenant Operating at This Location Over 10 Years Showing Strong Location Commitment
. Numerous Schools within a 5-Mile Radius Including Virginia Intermont College, Washington Lee Elementary School, St. Anne Catholic School, Virginia Middle School, Virginia High School, Morrison School and Others
. Retail Surrounding Site Includes Dixie Sporting Goods, Kroger, Burger King, and More – Roughly 3 Miles from Bristol Mall – a 486,298 SF Indoor Shopping Mall Anchored by J.C. Penney and Sears
. Great Location – Features Easy Access and Excellent Visibility at the Hard Corner of Lee Highway and West Valley Drive (17,000+ VPD) – a Four-Way Signalized Intersection Enhances this Exposure – Across the Street from a BP Gas Station, First Bank & Trust, and CVS Pharmacy
Located on the hard corner signalized intersection of Lee Highway and West Valley Drive, the property features excellent visibility and easy access with exposure to combined daily traffic counts in excess of 17,000 vehicles. The site is directly across the street from a BP Gas Station and Wells Fargo. This property is roughly three miles from Bristol Mall, a 486,298-square foot mall anchored by Sears and J.C. Penney. The mall contains a vibrant mix of national, regional and local retailers including rue21, Kay’s Jewelers, Zales, Hibbet Sporting Goods, GNC, Bath & Body Works, GameStop and many more. Other surrounding national major tenants/quick-service restaurants include a Kroger, Fas Mart, Dixie Sporting Goods, Hardee’s, Burger King, and more. Numerous schools are in close proximity to the site, including Virginia Intermont College, Washington Lee Elementary School, St. Anne Catholic School, Virginia Middle School, Virginia High School, Morrison School and many others.
Uniquely situated along the Tennessee and Virginia state line, Bristol offers the best of two states. The city is home to Bristol Motor Speedway, the world’s fastest half mile race track, which attracts more than one million visitors each year. Bristol was recently selected as one of the top 100 communities for young people in North America by America’s Promise. The City of Bristol is part of one of the fastest growing Metropolitan Statistical Areas in the country covering Bristol, Johnson City and Kingsport, commonly called the Tri-Cities. The city’s central location and excellent transportation connections make it the center of a five-state area: State Street joins Tennessee and Virginia and puts the states of West Virginia, Kentucky and North Carolina within easy driving distance. The city of Bristol, with its wide variety of large retailers, draws from 12 counties, adding over 244,000 people to the Metropolitan Statistical Area population of nearly 560,000. With this world-class fiber infrastructure, Bristol is considered a national model for the migration of IT businesses without the high cost of more metropolitan locations. Major employers in the region include K-VA-T Food Stores, Bristol Compressors International, CGI Group, Eastman Chemical Company, Electro-Mechanical Corporation, Embarq, King Pharmaceuticals, Northrop Gruman, OfficeMax and Universal Fiber Systems. The region continues to attract new businesses as they seek an alternative to international outsourcing.
Co-Listed with Alvin Mansour | License: TX 0606255
Bryn Merrey - BOR for Virginia | Tel: (202) 536-3700 | License: 0225215807