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2940 Paulena Dr
Bristol, VA 24202

$940,000 USD

Storefront For Sale  •  5,937 SF

Property Details

  • Property Type Storefront
  • Total Building Size 5,937 SF
  • Lot Size 0.56 AC
  • Building Class B
  • Year Built 2002
  • Cap Rate 8.00 %
  • Tenancy Multiple
0 Transit Score
47 Walk Score

Highlights

Multi-Tenant Retail Strip Center Portfolio (Available Individually) – 56.9% Occupancy – Opportunistic Returns
Strong Tenancy with Spaces Ready for Lease Up – 21,674 Total SF – Infill Retail Corridor
Ideal Retail Locations – Interstate-81 Exit (with 55,000 Vehicles Per Day)
Across from Walmart Supercenter-Sam’s Club Anchored Power Center– Busy Area
Significant Value-Add – Ideal 1031 Exchange Properties with Upside – Average Household Income of $84,196 in the Area
Major Retail Traffic Corridor & Strong Demographics 40,135 Residents Within a 5 Mile Radius  

Property Flyers

Financial Summary (Actual)

Net Operating Income: $75,212 USD (2025)
Cap Rate: 8.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Armed Forces Career Center 3,040 SF 2/28/2026
Space Apes 1,550 SF 12/31/2027

Public Transportation

AirportDriveWalkDistance
Tri-Cities 30 min - 22.3 mi
Spencer O'Donnell 714-400-6267 Charter Realty Company
Spencer O'Donnell 714-400-6267 Charter Realty Company