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Property profile & analytics
FOR LEASE
Commercial real estate

2400 W Stone Dr Kingsport, TN 37660

29,870 SF 4.51 ac lot Built 2002
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1682177
Property summary
AI-generated overview

This thriving Kingsport, TN retail center, Jennings Farm, offers two exceptional end-cap spaces for lease. Located at 2400 W Stone Dr, 37660, this 4.9-acre property boasts a total of 26,877 square feet and nine suites. Currently, 3,900 square feet is available, divided into two spaces: a 2,800-square-foot end-cap, previously occupied by HR Block (now relocating within the center), and a 2,100-square-foot end-cap, formerly housing GameStop. The property benefits from strong existing tenancy, including Dollar Tree, Cato, a relocated HR Block, Smart Cuts, Nail & Wax, China Star, Tobacco & Vape, and an Eastman Credit Union ATM. This prime location offers excellent visibility and accessibility, making it an ideal opportunity for businesses seeking high-traffic exposure. The property is classified as a commercial strip center with multiple tenancies. Minimum leasable space is 2,100 square feet, with a maximum contiguous space of 2,800 square feet. This presents a unique chance to establish a presence in a well-established and successful retail environment. The property's location in Kingsport, Tennessee, provides access to a robust local market and convenient access to major transportation routes.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2002
Total area 29,870 SF
Lot 4.51 ac (196,456 SF)
APN 082045G H 00100
UPID US80-1682177
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cato Fashions Clothing & Fashion Store
  • Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
  • GameStop Arcade & Gaming Center Electronics & Wireless Store
  • China Star Buffet Restaurant
  • Dollar Tree Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.26M
CAP Approach CAP
$4.03M
Comparable Approach Comparable
$4.61M
Blend (final) Blend
$4.94M
Owner & transaction history
Ac Kingsport LLC · 3 yrs held
Ac Kingsport LLC
since 2023
Last sale
$5.0M
4 recorded transactions
2023
$5.0M
2016
Price N/A
2003
$3.6M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.9M +31.7%
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