1221 Lynn Gdn Dr Kingsport, TN 37665-1601
Property profile & analytics
1221 Lynn Gdn Dr, Kingsport, TN 37665-1601
- Banks
- 3,328 SF
- 187.00 lot acres
Property ID
US80-0506773
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dollar General / Grocery & Convenience Store
Property Details for 1221 Lynn Gdn Dr
- Year built
- 1956
- Lot size
- 187.00 lot acres
- Property type
- Banks
- APN
- 082030H D 04000
- APU
- 082030HD04000
Description
This exceptional investment opportunity presents a brand-new, free-standing Dollar General store in Kingsport, Tennessee. Located at 1221 Lynn Garden Dr, Kingsport, TN 37665, this Class A property boasts 10,542 square feet on a 1.15-acre lot with 36 parking spaces. The property features a 15-year absolute NNN lease, commencing May 31, 2024, and expiring May 31, 2039, with five, five-year renewal options. Rent increases by 5% every five years throughout the primary term and each option period. The tenant, Dollar General, is investment-grade, providing a corporate guarantee and ensuring a stable income stream. The property's strong financial performance is reflected in its 6.25% cap rate and a net operating income (NOI) of $165,712. The asking price is $2,651,393, translating to a price per square foot of $251.51. This single-tenant, single-story building was constructed in 2024 and enjoys 100% occupancy. The Kingsport-Johnson City-Bristol MSA provides a robust market for this type of retail investment. This is a compelling opportunity for investors seeking a secure, high-return investment with a credit-rated tenant and significant lease term remaining.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.5668
- Latitude
- 36.5764
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$29,800
$155,080
$184,880
-
$74,500
$387,700
$462,200
