Southgate Crossing

• Grocery-Anchored Shopping Center – Food City shopping center, benefiting from consistent daily consumer traffic and strong tenant synergy generated by the grocery anchor and surrounding retail.
• Premier Volunteer Parkway Location – Situated along Bristol’s primary retail corridor with excellent visibility, convenient access, and exposure to around 19,000 VPD, positioning the property in one of the market’s busiest commercial corridors.
• Strong Daily Traffic Generators – The shopping center includes grocery, pharmacy, fuel, home improvement, and quick-service dining options, creating complementary retail synergy and driving consistent customer visits throughout the week.
• Triple Net Lease Structure – Taxes, insurance, and common area maintenance (CAM) expenses are passed through to the tenants, reducing landlord operating expenses and providing a more predictable income stream.
• Attractive Leasehold Investment Opportunity – Leasehold ownership offers investors compelling returns at a lower acquisition cost compared to a traditional fee simple purchase.
• Regional Trade Area – Serves the Bristol, Tennessee/Virginia market while drawing consumers from the broader Tri-Cities region, providing a diverse and established customer base.
• National Credit Tenant Lineup – Single-tenant Lowe’s, Walgreens and Starbucks also included along with the shopping center, creating a strong mix of nationally recognized retailers and enhancing the property’s long-term stability.
• Long-Term Tenant Stability – Multiple tenants have occupied the center for more than 10 years, demonstrating the property’s strong operating history, tenant satisfaction, and long-term viability as a retail destination.
• Minimal Vacancy with Upside Potential – The center is nearly fully leased with only one vacancy, providing an opportunity to increase rental income and enhance overall cash flow through future lease-up.