1505 Stone Dr Kingsport, TN 37660
- Retail space
- 112,512 SF
- 3.97 lot acres
Dec 27, 2023
Current Use by Public Records
- Chesters / Fried Chicken Takeaway
- Sunoco / Gas Station
- Kingsport pit stop / Gas Station / Convenience Store
- LibertyX Bitcoin ATM / Atm
- U-Haul Neighborhood Dealer / Truck Rental Agency / Van Rental Agency
Property Details for 1505 Stone Dr
- Year built
- 1968
- Lot size
- 3.97 lot acres
- Property size
- 112,512 SF
- Property type
- Retail space
- APN
- 082046L A 01500
- APU
- 082046LA01500
Description
This turnkey Sunoco-branded convenience store and gas station, located at 1505 W Stone Dr, Kingsport, TN 37660, presents a compelling investment opportunity. The 4,898 square foot building, situated on a 0.7-acre lot zoned B-3, underwent a complete renovation in 2019. Improvements include a new roof, HVAC system (12-ton and 8-ton units), paint, flooring, walk-in coolers and freezer, refrigerated displays, and a beer cave. The property boasts five gas islands with new EMV-ready card readers and media-ready pumps dispensing regular, premium, and diesel fuels. A new lighted pylon sign with electronic pricing is also featured. The fuel supply is secured by a 10-year rack-plus-penny contract. Three 12,000-gallon underground steel tanks are regularly inspected and compliant. The business includes a fully equipped kitchen with restaurant-grade fire suppression, fryer, grill, and pressure fryer, capable of resuming cooked food service and deli operations. Additional revenue streams include Chester's Chicken, a deli, pizza sales, novelties, U-Haul rentals, and a Bitcoin-capable ATM. The property enjoys high visibility on West Stone Drive, with over 50,000 average daily vehicles passing by, and is conveniently located within 450 feet of I-26 Exit 1. The asking price is $2,825,000, with a 2023 NOI of $183,625 and a 6.5% cap rate. All FF&E is included. Financial details will be provided to qualified buyers upon execution of a Confidentiality Agreement, non-binding LOI, credit reports, and proof of funds. The owner will consider a 5-year lease with a 5-year renewal option, requiring a $375,000 non-refundable deposit plus inventory, with monthly rent at $5,500 (10% increase during the option period). The business operates Monday-Saturday 7 AM to 10 PM and Sunday 8 AM to 9 PM.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $605,000
- ML approach
- $535,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.5212
- Latitude
- 36.5479
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
