Grocery-Anchored Shopping
For Sale
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1328 South John B Dennis Highway, Kingsport, TN 37660
Fully leased retail center with an established grocery anchor and access near I-26.
Property Size33,800 SF
Price / SF$75.34
Days on Market150
Property Features for 1328 South John B Dennis Highway
General Information
Standard status
Active
Size
33,800 SF
Class
B
Property subtype
Retail
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$190,974
Site & Location
Anchor Co-Tenants
Price-Less Foods
Traffic Count
24,651 vehicles/day
Road Access
Yes
Additional Details
Cap Rate
7.5%
Building Details
Year Built
1993
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Washington, D.C.
(443) 553-6755
Listed By:
Dean Zang · License #MD 665335
Source:
Crexi
Added: Apr 3
Changed: Aug 30
Last Checked: May 8 at 7:41AM
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 Marcus & Millichap - Washington, D.C.
Investment Insights
Based on property information with market context.
This 33,800-square-foot shopping center was built in 1993 and is reported as 100% leased. Price-Less Foods serves as the grocery anchor and has operated at the property for 33 years, providing an established tenant presence within the center.
The property fronts Route 93, which carries 24,651 VPD, and sits one-half mile from the I-26 interchange, where traffic is reported at 44,881 VPD. Adjacent commercial users include Dollar General, Wesco Electrical Supply Store, and Burger King. A newly developed Marriott Hotel is directly behind the store, while Meadow View golf resort and convention center hotel is also adjacent.
Eastman Chemical Company Headquarters and Holston Valley Medical Center are within five minutes. The headquarters is reported to have 6,800 employees, and the medical center is described as a 250-bed level 1 trauma center with more than 2,500 employees.
The property fronts Route 93, which carries 24,651 VPD, and sits one-half mile from the I-26 interchange, where traffic is reported at 44,881 VPD. Adjacent commercial users include Dollar General, Wesco Electrical Supply Store, and Burger King. A newly developed Marriott Hotel is directly behind the store, while Meadow View golf resort and convention center hotel is also adjacent.
Eastman Chemical Company Headquarters and Holston Valley Medical Center are within five minutes. The headquarters is reported to have 6,800 employees, and the medical center is described as a 250-bed level 1 trauma center with more than 2,500 employees.
Key Highlights
- 33,800‑square‑foot shopping center built in 1993
- 100% leased with Price‑Less Foods as the grocery anchor
- Price‑Less Foods has a 33‑year operating history at the property
Property Analytics
Property Profile
Current Use
Lease Details
24,651 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with an established grocery anchor and access near I-26.
Where is this shopping center located?
The property is located at 1328 South John B Dennis Highway Kingsport, TN.
What is the asking price?
The asking price for this property is $2,546,323.
What are key features of this property?
This property features: 33,800‑square‑foot shopping center built in 1993; 100% leased with Price‑Less Foods as the grocery anchor; Price‑Less Foods has a 33‑year operating history at the property
