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NNN Industrial Property

10384 Wallace Alley St, Kingsport, TN 37663

For Lease
$1,195,000 NNN

Industrial facility with an existing NNN lease, mixed-use zoning, and regional access near the Tri-Cities Airport.

Space SizeContact for details
Days on Market116

Property Features for 10384 Wallace Alley St

General Information

Standard status Active
Zoning MX

Additional Details

Highway Access Yes

Building Details

Year Built 1996
Listing Agency: The Addington Agency Bristol
Listed By: Garrett Addington · License TN #337697
Source: Thecolinandcarlygroup
Added: Jul 18 Changed: Oct 25 Last Checked: Oct 7 at 1:42PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Addington Agency Bristol

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Investment Insights

Based on property information with market context.

Built in 1996, the property contains approximately 8,000± square feet of industrial space and is occupied under an NNN lease with Trane U.S. Inc. The lease term extends through August 2028 and includes rental growth and renewal provisions. The facility is positioned for continued industrial, distribution, logistics, or service-oriented use under MX mixed-use zoning.

The property is located along Wallace Alley in Kingsport, near the Tri-Cities Airport and I-81. Its setting in the Wallace Alley industrial corridor provides access to regional service routes and distribution connections. The existing lease, industrial configuration, and flexible zoning combine to support both current occupancy and future operational adaptability.

Key Highlights

  • Approximately 8,000± square feet of industrial space
  • NNN lease with Trane U.S. Inc. through August 2028
  • MX (Mixed Use) zoning

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Trane Commercial Sales ... HVAC Service

Suggested Use

Top Pick HVAC Service Auto Parts Store Bakery Furniture & Home Goods Butcher Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

86
Businesses Nearby

Demographics for 37663, TN

14,392
Population
6,679
Households
2.2
Avg Household Size
47
Median Age
34%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
558
Density / Sq Mi
$76,122
Median Household Income
$45,399
Median Earnings
$886
Median Rent
$224,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
NNN property - Industrial facility with an existing NNN lease, mixed-use zoning, and regional access near the Tri-Cities Airport.
Where is this nnn property located?
The property is located at 10384 Wallace Alley St Kingsport, TN.
What is the lease rate?
The lease rate is $1,195,000.
What are key features of this property?
This property features: Approximately 8,000± square feet of industrial space; NNN lease with Trane U.S. Inc. through August 2028; MX (Mixed Use) zoning
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