2716 John B Dennis Hwy Kingsport, TN 37660-4795

Property Details for 2716 John B Dennis Hwy

Year built

1985

Lot size

0.30 lot acres

Property size

2,501 SF

Property type

Retail space

APN

082031 02211

APU

8203102211

Description

This established Kingsport, Tennessee liquor store presents a compelling investment opportunity. Located at 2716 N John B Dennis Hwy, this 2,501 square foot business occupies a well-maintained building on a 0.3-acre lot with ample parking. The property boasts high visibility and easy access, situated on a busy commuter route between Kingsport and Southwest Virginia. Currently operating under a 5-year NNN lease with a monthly rent of $1600, the landlord is open to negotiating a new lease with a qualified buyer. The business, "Jolly Time Liquor & Wine Too," demonstrates consistent high sales volume over the past four years, exhibiting continued growth and a strong 12.50% cap rate. Offered at $450,000 plus inventory (approximately $150,000), the seller will consider owner financing up to $200,000 for a qualified buyer. The buyer will need to obtain a Retail Package Store License from the State of Tennessee, a process that typically takes 30-45 days or more. The store itself is clean, organized, and features abundant cooler space for a wide variety of products. This turnkey operation offers a chance to acquire a profitable, established business in a prime location. The B-3 zoning allows for flexibility, and the buyer can even negotiate to relocate the store to an approved Kingsport location. This is a rare opportunity to own a thriving business with significant growth potential. The sale includes the business and existing inventory; the building is leased.

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Longitude

-82.5052

Latitude

36.5655

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments