1526 E Stone Dr Kingsport, TN 37660
Newly updated commercial building with established tenant in place.
Type:Retail
Property size:
2,210 SFLot size:
0.33 AcresPrice / SF:
$316/SF- Added:
- Jul 26, 2022
- Days on Market:
- 1366
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 1526 E Stone Dr
General Information
- Standard status
- Active
- Size
- 2,210 SF
- Lot size
- 0.33 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1982
Listing agent Glenn Perkins License #VA 0225224327
Listing office TCI Group – Jerry Petzoldt Agency LLC
Listing date Jul 26, 2022
Source Crexi
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
Overview
Updated Commercial Building on Stone Drive
This newly updated 2,210 sq. ft. commercial building is located on Stone Drive. The property is currently leased to Apotheca, a regional dispensary offering natural health products, including CBD and medical cannabis. Apotheca has multiple locations in North Carolina, Tennessee, and Georgia. The tenant, HH North LLC dba: Apotheca, is operating under an original 7-year lease executed on May 1, 2022, which includes a 5-year renewal option with a 10% rent increase. The initial 7-year term NNN rent is $44,199.96 per year, resulting in a net NNN rent income of $309,399.72 over the initial term. The building has been remodeled inside and out and features large paved parking at the front, as well as paved employee parking and access at the rear. The lot measures 60' x 238' IRR and has access from both Stone Drive and Bridgewater Lane at the rear. The property is situated on a busy section of Stone Drive, between O'Reilly Auto Parts and Appalachian Community Federal Credit Union. This property is intended for commercial use.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Easy Money
Loan Service
Apotheca Cannabis Dispensary
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.523015
- Latitude
- 36.549583
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FAQs
What type of property is this?
Retail space - Newly updated commercial building with established tenant in place.
Where is this retail space 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: Tenant in place: **Apotheca, a leading regional dispensary with a 5‑star rating.**; **NNN lease in place with $44,199.96/year rent** and $309,399.72 net income over the initial 7‑year term.; Original 7‑year lease executed on May 1, 2022, with a 5‑year renewal option and 10% rent increase.
