1526 Stone DrKingsport, TN 37660

This exceptional investment opportunity presents a fee-simple ownership of a 2,210 square foot storefront located at 1526 E Stone Dr, Kingsport, TN 37660. The property, built in 1982 and completely renovated in 2022, sits on a 0.33-acre lot (60' x 238') with ample paved parking at the front and rear, accessible from both Stone Drive and Bridgewater Lane. Currently occupied at 100% capacity by a single tenant under a Net Lease (NNN) agreement, the property boasts a strong 5.89% cap rate and a substantial NOI of $44,200. The seven-year lease commenced April 30, 2022, with a five-year renewal option including a 10% rent increase. The tenant, Apotheca, a five-star rated regional dispensary, offers a variety of natural health products. This prime retail location is situated in a high-traffic area of East Stone Drive, between O'Reilly Auto Parts and Appalachian Community Federal Credit Union, benefiting from excellent visibility and pylon signage. The property is zoned B-3 and offers a compelling return on investment, supported by the tenant's multi-state presence and planned expansion. Detailed financial information is available upon request. This is a turnkey investment ready for immediate income generation.