NNN Retail Investment
1526 E Stone Dr Kingsport, TN 37660
For Sale
Contact for pricing
Newly renovated 2,210 SF retail building leased to a long-term NNN tenant with dual access and ample parking.
Property Size2,210 SF
Price / SF$316.29
Days on Market1470
Property Features for 1526 E Stone Dr
General Information
Standard status
Active
Size
2,210 SF
Property subtype
RETAIL
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 956-5707
Listed By:
Glenn A. Perkins · License #0225224327
(423) 956-5707
Source:
Moodyscre
Added: Jul 21, 2022
Changed: Jul 27
Last Checked: Jul 28 at 2:47PM
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 TCI Group-Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
This newly renovated 2,210 SF commercial building is offered as an NNN investment with a long-term tenant in place. The property is described as turnkey, with an initial 7-year NNN lease that commenced in May 2022. The building is configured to support a retail dispensing use, and includes both front parking and rear employee parking and access.
The site provides dual access from Stone Drive and Bridgewater Lane. It is located in a high-visibility area between O’Reilly Auto Parts and Appalachian Community Federal Credit Union along Kingsport’s busiest commercial corridor.
For additional details, including the investment package and financial information, contact the listing agent to schedule a private tour.
The site provides dual access from Stone Drive and Bridgewater Lane. It is located in a high-visibility area between O’Reilly Auto Parts and Appalachian Community Federal Credit Union along Kingsport’s busiest commercial corridor.
For additional details, including the investment package and financial information, contact the listing agent to schedule a private tour.
Key Highlights
- Newly renovated 2,210 SF commercial retail building
- NNN leased to long‑term tenant Apotheca (plant medicine dispensary) with multiple Southeast locations
- Initial 7‑year NNN lease commenced in May 2022
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.9k | $23.04 |
| − Vacancy | −$2.1k | −$0.97 |
| EGI | $48.8k | $22.07 |
| − OpEx | −$14.6k | −$6.62 |
| NOI | $34.1k | $15.45 |
2,210 SF · lease $23.04/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$487.8K
$426.8K – $569.1K
NOI $34,146 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$827.6K
$724.2K – $965.5K
NOI $57,932 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
NNN property - Newly renovated 2,210 SF retail building leased to a long-term NNN tenant with dual access and ample parking.
Where is this nnn property located?
The property is located at 1526 E Stone Dr Kingsport, TN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Newly renovated 2,210 SF commercial retail building; NNN leased to long‑term tenant Apotheca (plant medicine dispensary) with multiple Southeast locations; Initial 7‑year NNN lease commenced in May 2022
