Kingsport Medical Office Investment
1653 E Stone Dr #1647, Kingsport, TN 37660
Call to check price and availability
Freestanding medical office building with long-term corporate lease.
Type:Office
Property size:
3,995 SFLot size:
0.53 AcresPrice / SF:
$500/SF- Added:
- Mar 12, 2026
- Days on Market:
- 62
- Last Refresh:
- Mar 16 at 12:51 pm
Property Features for 1653 E Stone Dr #1647
General Information
- Standard status
- Active
- Size
- 3,995 SF
- Lot size
- 0.53 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agent Glenn Perkins License #VA 0225224327
Listing office TCI Group – Jerry Petzoldt Agency LLC (423) 230-0255
Listing date Mar 12, 2026
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
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.
- Purpose‑built medical office building continuously occupied by Aspen Dental since 1999.
- Two additional five‑year renewal options with 9.26% rental increases.
- Net Operating Income of $120,000 annually with minimal landlord responsibilities.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Places Nearby
- Indian Ridge Animal Hospital, Inc. — 1100 Indian Trail Dr #4659, Kingsport, TN 37660
- Bunch Michael DVM — 1100 Indian Trail Dr #4659, Kingsport, TN 37660
- Vaughan Jane S DVM — 1100 Indian Trail Dr #4659, Kingsport, TN 37660
- Mears Matt DVM — 1100 indian trail dr #4659, kingsport, tn 37660
- Nannenga Stephanie DVM — 1100 Indian Trail Dr #4659, Kingsport, TN 37660
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.519818
- Latitude
- 36.547155
Nearby Similar for Sale
FAQs
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 #1647 Kingsport, TN.
What is the asking price?
The asking price for this property is $2,000,000.
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.
