0 Eastman Rd Kingsport, TN 37664
Green Acres Shopping Center, located at N Eastman Rd, Kingsport, TN 37664, presents a compelling retail investment opportunity. This 156,009 square foot shopping center sits on 12 acres of land and comprises three single-story buildings with 34 suites, offering spaces ranging from 820 to 22,741 contiguous square feet. Currently, 37,596 square feet are vacant, providing immediate potential for new tenants. The center boasts a diverse tenant mix including well-established national and local businesses such as Ollie's Bargain Outlet, Dollar General, Goodwill, and several salons, boutiques, and professional offices. Its prime location in Kingsport, near Eastman Chemical Company (7,000+ employees), Dobbins-Bennett High School, Fort Henry Mall, and numerous residential areas, ensures high visibility and significant foot traffic. The B4P zoning allows for flexibility, and the center's proximity to other major employers like Domtar, Ballad Health Systems, and BAE Systems further strengthens its appeal. With several long-term tenants and a competitive market position, Green Acres offers a stable investment with significant upside potential for expansion or new business ventures. The property is conveniently located less than 2.5 miles from the revitalized downtown area and benefits from its central location within a half-mile radius of key community landmarks. The property's address is further identified by its cross streets, Hermitage DR/Ormond DR, and its APN is 061E G 001.00 - 061E G 001.02.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.