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New Construction - Chipotle 1401 E Stone Dr 2,388 SF 100% Leased Retail Building Kingsport, TN 37660 $2,719,298 ($1,138.73/SF) 5.70% Cap Rate
Investment Highlights
- New Construction – construction was completed in 2023.
- Premier Location & Major Retailers
- Landlord Friendly Lease
- Nearby to Eastman’s Global HQ & Leading U.S. Manufacturing Facility
- First Store Developed in Market
- Transferable Roof Warranty
Executive Summary
Broker of Record
Hutt Cooke
License # 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 356505 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,388 SF
Building Class
C
Year Built
1982
Price
$2,719,298
Price Per SF
$1,138.73
Cap Rate
5.70%
NOI
$155,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.05
Lot Size
1.00 AC
Zoning
B-1 - Business Commercial
Parking
23 Spaces
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 046L-A-005.10 | Improvements Assessment | $257,000 |
| Land Assessment | $113,160 | Total Assessment | $370,160 |
Property Taxes
Parcel Number
046L-A-005.10
Land Assessment
$113,160
Improvements Assessment
$257,000
Total Assessment
$370,160
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New Construction - Chipotle | 1401 E Stone Dr
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