Restaurant with Drive-Through
New
For Sale
$725,000
5045 Memorial Boulevard, Kingsport, TN 37664
An operating restaurant with kitchen equipment included in the sale and commercially zoned land.
Property Size2,400 SF
Lot Size1.60 Acres
Price / SF$302.08
Days on Market3
Property Features for 5045 Memorial Boulevard
General Information
Standard status
Active
Size
2,400 SF
Lot size
1.60 Acres
Property subtype
Commercial
Site & Location
Drive-Thru
Yes
Utilities to Site
Yes
Additional Details
Equipment Included
Yes
Currently Operating
Yes
Amenities
front porch
rear porch
alarm system
security cameras
Building Details
Year Built
2017
Buildings
1
Construction
all-steel
Listing Agency:
CENTURY 21 Legacy Fort Henry
Listed By:
Chris Mcmeans · License #1746
(423) 914-0450
Source:
Bpre
Added: Oct 28
Last Checked: Oct 28 at 2:42PM
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 CENTURY 21 Legacy Fort Henry
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Investment Insights
Based on property information with market context.
Operating as a restaurant, the property comprises a 2,400-square-foot all-steel building constructed in 2017 on 1.6 acres. Restaurant and kitchen equipment conveys with the sale. The building has an 8' x 60' front porch, a 12' x 60' rear porch, and a drive-through pickup window. Interior features include whole-building LED lighting, two 3-ton heat pumps serving the dining area, and an alarm system.
Site improvements include security cameras covering the grounds, two programmable LED signs, exterior electrical receptacles and water spigots, a commercial-grade septic system, and a concrete driveway and parking lot. The restaurant received a 100% Tennessee Department of Health inspection score. The site also has room for two additional buildings.
Site improvements include security cameras covering the grounds, two programmable LED signs, exterior electrical receptacles and water spigots, a commercial-grade septic system, and a concrete driveway and parking lot. The restaurant received a 100% Tennessee Department of Health inspection score. The site also has room for two additional buildings.
Key Highlights
- 2,400‑square‑foot restaurant on 1.6 acres
- All‑steel building constructed in 2017
- Restaurant and kitchen equipment convey with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,380
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,600
$507.6K
Cap Rate 7%
$362,571
$362.6K
Cap Rate 9%
$282,000
$282.0K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$36.0K $15.00/SF
− Vacancy
−$2.2K −$0.90/SF
EGI
$33.8K $14.10/SF
− OpEx
−$8.5K −$3.53/SF
NOI
$25.4K $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%
$507,600
Cap Rate 7%
$362,571
Cap Rate 9%
$282,000
Alternative Uses
Best Use
Specialty Retail
$362.6K
$317.3K – $423.0K
NOI $25,380 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$898.8K
$786.4K – $1.05M
NOI $62,913 @ 7.0% cap · market cap 8.68%
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
13k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 74%
Dining 26%
Dollar General Market
Groceries
9,457 visits/mo
0.3 miles
Pizza Plus
Dining
3,353 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An operating restaurant with kitchen equipment included in the sale and commercially zoned land.
Where is this conventional restaurant located?
The property is located at 5045 Memorial Boulevard Kingsport, TN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,400‑square‑foot restaurant on 1.6 acres; All‑steel building constructed in 2017; Restaurant and kitchen equipment convey with the sale
