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2790 E Stone Dr 14,820 SF Retail Building Kingsport, TN 37660 $4,250,000 ($286.77/SF) 8.61% Cap Rate
INVESTMENT HIGHLIGHTS
- Premium Absolute Net Lease Opportunity with 10 Years Remaining
- Prime, high-visibility location in Kingsport, TN
- Strategically positioned near Target, Lowe’s, and numerous other national retailers
- Constructed in 2009
- Excellent exposure with combined traffic counts of 23,000 vehicles per day (VPD)
- Surrounded by affluent neighborhoods with average household incomes of $100,000
EXECUTIVE SUMMARY
Premium Absolute Net Lease Opportunity with 10 Years Remaining
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2009
Price
$4,250,000
Price Per SF
$286.77
Cap Rate
8.61%
NOI
$366,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.21 AC
Parking
32 Spaces (2.16 Spaces per 1,000 SF Leased)
Frontage
336’ on Stone Dr
AMENITIES
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 047-024.01 | Improvements Assessment | $510,120 |
| Land Assessment | $312,360 | Total Assessment | $822,480 |
PROPERTY TAXES
Parcel Number
047-024.01
Land Assessment
$312,360
Improvements Assessment
$510,120
Total Assessment
$822,480
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2790 E Stone Dr
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