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    1526 Stone Dr Kingsport, TN 37660

    Sponsored
    For Sale
    $750,000

    High-yield NNN storefront, 7-year lease

    Property size:
    2,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 1526 Stone Dr

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,210 SF
    Lot Size
    14,375 SF

    Building Details

    Year Built/Renovated
    1982/2022
    Buildings
    1
    Stories
    1

    HighLights

    • $750,000 asking price for a 2,210 square foot net‑leased storefront.
    • Located in a prime Kingsport, TN retail corridor on East Stone Drive.
    • Strong local demographics and a 100% occupancy rate with a 7‑year lease commencing April 30, 2022.
    • Expanding national tenant, Apotheca, with five‑star customer ratings.
    • Prominent pylon signage on East Stone Drive.
    • Tenant has multiple locations across three states and plans for further expansion in 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Easy Money Loan Agency Apotheca Cannabis Dispensary Cannabis Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5217787
    Latitude
    36.54897037

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    FAQs

    What type of property is this?
    Individual retail property - High-yield NNN storefront, 7-year lease
    Where is this individual retail property located?
    The property is located at 1526 Stone Dr Kingsport, TN.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: $750,000 asking price for a 2,210 square foot net-leased storefront.; Located in a prime Kingsport, TN retail corridor on East Stone Drive.; Strong local demographics and a 100% occupancy rate with a 7-year lease commencing April 30, 2022.
    Request Owner's contact information
    1526 Stone Dr Kingsport, TN 37660
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    Kingsport, TN 37660
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1526 Stone Dr Kingsport, TN 37660
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