Building Details

Buildings 1

Listing Agency: CENTURY 21 Legacy j***@c21legacy.com Show Phone

Listed By: Tyler Carver · License #358163, Show Phone

Source: Exprealty

Added: Oct 29 Changed: Nov 1 Last Checked: Nov 1 at 3:34PM

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Investment Insights

Based on property information with market context.

The restaurant space at 2301 Fort Henry Drive measures 2,140 square feet. An adjoining 1,500-square-foot building at 2305 Fort Henry Drive can be combined with it, creating approximately 3,640 square feet across both buildings. The expanded layout can accommodate additional dining or separate areas for preparation, storage, or catering.

Fort Henry Drive carries more than 20,000 vehicles per day. Nearby destinations include Fort Henry Mall, with Belk, Rural King, Dunham’s Sports, and an IMAX theater, along with Walmart and national quick-service restaurants.

Key Highlights

• 2,140‑square‑foot restaurant space at 2301 Fort Henry Drive
• Adjoining 1,500‑square‑foot building at 2305 Fort Henry Drive can be combined for approximately 3,640 square feet total
• Fort Henry Drive carries more than 20,000 vehicles per day

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,631

Suggested Prices Based on Cap Rates

Cap Rate 5%

$452,620 $452.6K

Cap Rate 7%

$323,300 $323.3K

Cap Rate 9%

$251,456 $251.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,140 SF

Gross rent

$32.1K $15.00/SF

− Vacancy

−$1.9K −$0.90/SF

EGI

$30.2K $14.10/SF

− OpEx

−$7.5K −$3.53/SF

NOI

$22.6K $10.58/SF

Area

Sullivan County, TN

Vacancy

6.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$452,620

Cap Rate 7%

$323,300

Cap Rate 9%

$251,456

Alternative Uses

Best Use

Specialty Retail

$323.3K

$282.9K – $377.2K (±1% cap)

NOI $22,631 @ 7.0% cap · market cap 1,057.52%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$801.4K

$701.2K – $935.0K (±1% cap)

NOI $56,097 @ 7.0% cap · market cap 2,621.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Krazy Chicken International Restaurant

Suggested Use

Top Pick Real Estate Agency HVAC Service Gym & Fitness Center Skin Care Clinic Storage Facility Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

484

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 37664, TN

28,748

Population

13,914

Households

2.1

Avg Household Size

44

Median Age

34%

College-Educated

92%

High-School Grad

33.9 sq mi

ZIP Area

848

Density / Sq Mi

$61,164

Median Household Income

$37,047

Median Earnings

$817

Median Rent

$204,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - An adjoining building can be combined to create additional dining, preparation, storage, or catering space.

Where is this conventional restaurant located?

The property is located at 2301 Fort Henry Dr Kingsport, TN.

What are key features of this property?

This property features: 2,140‑square‑foot restaurant space at 2301 Fort Henry Drive; Adjoining 1,500‑square‑foot building at 2305 Fort Henry Drive can be combined for approximately 3,640 square feet total; Fort Henry Drive carries more than 20,000 vehicles per day