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Advance FInancial | Abs NNN | Annual Incrses 4270 Fort Henry Dr 6,000 SF Retail Building Kingsport, TN 37663 $1,233,000 ($205.50/SF) 7.75% Cap Rate
Investment Highlights
- 6+ Years Remaining | Options To Extend | 2% Annual Rental Increases Throughout The Primary Term
- Dense Retail Corridor | Adjacent To Primary Retail Destination
- Strong Trade Area Demographics
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Frontage On Fort Henry Drive | Proximity To Interstate 81
Executive Summary
• Over 6 years of remaining primary term with two (2) additional 5-year renewal options, providing stable in-place income and long-term extension potential
• 2% annual rental increases throughout the primary term support NOI growth and provide a built-in hedge against inflation, with fair market value (FMV) rent adjustments at the commencement of each renewal option
• 2% annual rental increases throughout the primary term support NOI growth and provide a built-in hedge against inflation, with fair market value (FMV) rent adjustments at the commencement of each renewal option
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built/Renovated
1990/2019
Price
$1,233,000
Price Per SF
$205.50
Cap Rate
7.75%
NOI
$95,565
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.49 AC
Zoning
B-3 - Highway Oriented Business District
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
119’ on Fort Henry Dr
Amenities
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Advance Financial was founded in 1996 as a family-owned consumer finance business in Tennessee, starting as a small retail chain before expanding its lending and payment services. The company provides online lines of credit and installment loans, along with in-store services such as check cashing, money orders, bill pay, ATM access, Western Union wire transfers, and prepaid debit cards. Advance Financial serves customers through a broad Tennessee retail network and online lending products available in multiple states, combining storefront financial services with digital borrowing options.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 092J-C-059.20 | Improvements Assessment | $225,960 |
| Land Assessment | $83,000 | Total Assessment | $308,960 |
Property Taxes
Parcel Number
092J-C-059.20
Land Assessment
$83,000
Improvements Assessment
$225,960
Total Assessment
$308,960
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