Kingsport Medical Office Investment
For Sale
Contact for pricing
1653 E Stone Dr, Kingsport, TN 37660
Freestanding medical office building with long-term corporate lease.
Property Size3,995 SF
Lot Size0.53 Acres
Days on Market162
Property Features for 1653 E Stone Dr
General Information
Standard status
Active
Size
3,995 SF
Lot size
0.53 Acres
Property subtype
OFFICE
Building Details
Year Built
1999
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 230-0255
Listed By:
Glenn A. Perkins · License #0225224327
(423) 956-5707
Source:
Tcigroup
Added: Mar 27
Changed: Sep 3
Last Checked: Sep 2 at 1:18PM
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 commercial real estate offering features a freestanding 3,995-square-foot medical office building in Kingsport, Tennessee. Constructed in 1999 to meet Aspen Dental's specifications, the property has been continuously occupied by the tenant since its construction. The property is situated on approximately 0.53 acres with approximately 11,000 square feet of paved parking. The property is located along the highly trafficked East Stone Drive retail corridor, a primary commercial artery serving dense residential neighborhoods and regional retail demand. The property is leased to Aspen Dental Management, Inc. under a new 5-year corporate NN lease commencing January 1, 2026. The new lease structure includes two additional five-year renewal options, each featuring 9.26% rental increases. The investment generates annual Net Operating Income of $120,000. The property's purpose-built layout, specialized improvements, and established patient base contribute to its operational commitment. This property is suitable for 1031 exchange buyers, private investors, and institutional net-lease portfolios.
Key Highlights
- New 5‑year corporate NN lease commencing January 1, 2026, providing immediate income stability.
- Located on a highly trafficked retail corridor (East Stone Drive) with strong visibility.
- Tenant is Aspen Dental Management, Inc., a large and growing dental service organization.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,100
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 Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Freestanding medical office building with long-term corporate lease.
Where is this medical office space located?
The property is located at 1653 E Stone Dr Kingsport, TN.
What are key features of this property?
This property features: New 5‑year corporate NN lease commencing January 1, 2026, providing immediate income stability.; Located on a highly trafficked retail corridor (East Stone Drive) with strong visibility.; Tenant is Aspen Dental Management, Inc., a large and growing dental service organization.
