447 Bockman Way Sparta, TN 38583-1831

This exceptional investment opportunity presents a fee-simple ownership of a two-property portfolio featuring 7,100 square feet of retail space leased to Advance Financial. Located in Sparta and Kingsport, Tennessee, these properties boast a combined NOI of $155,459, representing an attractive 8.75% cap rate on the $1,776,672 asking price. Both properties are single-tenant, freestanding buildings situated on prominent commercial corridors, offering excellent visibility and convenient access. The properties benefit from absolute NNN leases, meaning the tenant is responsible for all operating expenses, repairs, and maintenance, minimizing landlord responsibilities. The Sparta location, built in 1991, sits on a 0.92-acre lot and has a lease with 4+ years remaining, including three 5-year renewal options. Rent will be set at fair market value at the start of the first renewal option, increasing by 10% for subsequent renewals. The Kingsport location, built in 1980, features a lease with 3+ years remaining and two 5-year renewal options, with a 2% annual rent increase throughout the base term and options. Advance Financial, a rapidly growing financial services company with over 100 locations, ensures a stable and reliable tenant. This portfolio offers a compelling combination of strong cash flow, long-term lease security, and built-in rent growth, making it an ideal investment for passive investors seeking a high-return, low-maintenance opportunity. The properties are well-maintained and benefit from ample onsite parking and prominent signage. This is a rare opportunity to acquire a well-positioned, high-performing retail portfolio in a desirable Tennessee market.