Kingsport, TN Retail Property For Sale

Broker Glenn Perkins and TCI Group - Jerry Petzoldt Agency are pleased to present to all qualified investors the opportunity to acquire two excellent investment properties in Northeast Tennessee. Both properties are 100% fee simple interest ownership and single tenant net lease investments.

KINGSPORT - Fronting Ft. Henry Drive, this superbly located 7,000 sq ft building was a build to suit for Advance Stores Company Incorporated in 2000 and has been operated as a Advance Auto Parts store since. Located within 1 mile of I-81, Exit 59 in the Colonial Heights area, the property is zoned B-3 with 19,110 square feet of paved parking on approximately .83 acre parcel.

Advance Auto just entered into 3rd 5-year extension on January 1, 2021, showing their dedication to the market. An additional 5-year option remains on the original lease first amendment beginning January 2016 expiring December 2030. Lease is NN+

Other business at this location include CVS Pharmacy and Eastman Credit Union with Verizon, Little Caesar's, Subway, UPS Store, barber shop and nail salon in adjacent Ft. Henry Square strip center.

BLOUNTVILLE - This busy 6,889 sq ft Advance Auto Parts store is strategically positioned fronting Hwy 394 with immediate access to I-81, Exit 69 at the Blountville / Bristol. The property is zoned B-4 with 17,384 square feet of paved parking on approximately one acre parcel.

The building was a build to suit in 2004 for Advance Stores Company Incorporated and has been operated as a Advance Auto Parts store since. There is a new 5 year lease beginning on 01/01/2020 through 12/31/2024 with one 5 year option to renew. This is a corporate NN lease with Advance Stores Company Inc. and includes a gross sales breakpoint for the percentage rental section of the lease.

I-81 at Hwy 394 interchange is main traffic route for nationally known Bristol Motor Speedway. Other business at this exit include Fireworks Supermarket, BP c-store, Arby's and neighborhood strip center containing Edward Jones, Domino's Pizza and Blountville Family Eyecare.

The fact that Tennessee has no state income tax along with the automotive sector being an investor favorite makes this portfolio particularly attractive. Excellent financials with a 5.925% CAP and combined NOI of $199,136. Contact agent to discuss this excellent investment opportunity!

Long Term Professional Medical Tenants! Broker Glenn Perkins and TCI Group - Jerry Petzoldt Agency are pleased to present to all qualified investors the opportunity to acquire two excellent investment properties. Both properties are 100% fee simple interest ownership and single tenant net lease investments.

Aspen Dental property is located along busy East Stone Drive in Kingsport, Tennessee. The second investment property is also single tenant net lease and occupied by Holston Medical Group Primary Care at the medical facility in nearby Church Hill, Tennessee.

Aspen Dental occupies a 4,000 sq ft building that was constructed in 1999 and remodeled to fit Aspen Dental specifications in 2010 and sits on 0.53 acres. Aspen Dental is operating under the original (10) year lease that commenced in June of 2010 and has just entered into the first five-year renewal option term on January 1, 2021. The lease offers generous rental increases every 5 years and two (2), five (5) year renewal options remain. The NN+ lease is very Landlord friendly with the Tenant being responsible for reimbursing all expenses except for roof and structure.

Holston Medical Group is among the most progressive independent physician groups in the nation. Holston Medical Group P.C. is the ultimate Parent with 45 locations in multiple states, 165+ Providers, is Physician owned and was started in 1976 and incorporated in 1989. At last report HMG has 1000+ employees across all of its locations and reports 50,000+ Patient visits per month. Holston Medical Group Primary Care has just recently in 2020 extended their lease for another 10 years in this well maintained 6,572 sq ft building on 3.7 acres. Situated in established business district along Hwy 11W in Church Hill, this large parcel also has room for another new building or expansion. Property sits between Main Street and Hwy 11W across from Church Hill Public Library with the Homestead Shoppe and Pal's in the immediate area. Please view more information about Holston Medical Group at link provided.

Super Investment Opportunity! Excellent financials with a 6.4% CAP and combined NOI of $221,566.00. Contact agent to discuss this unique opportunity.

Attractive colonial style former bank building now for sale. An excellent banking, medical or office property, this two story brick building of 3,712 square feet sits on 1.97 acres with two entrances/exits on John B Dennis Highway. This structure was built in 2003 and professionally finished. The first floor has three enclosed offices and four teller lines plus vault. The second floor has three enclosed offices, a break room/kitchen, and a conference room that is 11ft by 28 ft. The drive thru is 941 square feet and has three drive thru lanes and an ATM. Site provides over 30 parking places with land for more behind the building. See attached floor plans and square footage documents for further details.

Location is on the primary traffic route to Kingsport for Southwest Virginia retail and employment commuters. The area is a busy restaurant and retail corridor with Mama’s House Restaurant next door. Directly across John B Dennis Hwy from Sullivan North High School, Cross Creek Apartment complex and near Indian Path medical center campus. Contact agent to discuss options or to schedule a building tour.

Price Less Grocery Store Anchored Shopping Center. 77,110 total SF on +/- 8 acres lot. Growing area in Kingsport. New retail development across the street. Great visibility. Great opportunity to rehab and re tenant for outstanding returns.

Closest Grocery Store is about one-mile driving. Surrounded by many restaurants, such as McDonald’s, Waffle House, Taco Bell, Pizza Hut, Burger King. CVS Pharmacy on right, across the street. Property is about a mile from the Walmart Supercenter, Lowe’s, Tractor Supply and Dollar Tree.

McDonald's restaurant and parcel not included.

Confidentiality Agreement is required.

This 6000 square foot space was previously occupied by Napa Auto Parts and Tint World. When Tint World occupied the space, They did a complete build out with a new roll up door, dividing walls, and other improvements that could be used for the next tenant or could easily be taken out or adjusted.

NEW LOWER PRICE! Exceptional Eastman Road Location! In busy retail and restaurant district, this 20,500 sq ft commercial/retail building on 1.96 acres fronts Eastman Road near East Stone Commons. This prime redevelopment corner is ideally situated between Stone Drive and Center Street with Chop House and Johnny Bruscos to the south and Starbucks, Panera Bread, Olive Garden, Chili’s, Cheddars, and Applebees to the north. Over 23,000 cars per day pass this site making it ideal for a new restaurant, bank or retail development. Central location allows for easy access to the mall, downtown Kingsport and Eastman Chemical Company campus. Contact agent to discuss options!

Commercial building located approximately .2 miles off of Stone Drive. Behind the Purple Cow and close to all the major retail in Kingsport. This building is well built and conveniently located to start your next business or relocate your office. Many potential uses such as, doctor's office, realtor's office, day spa, financial, etc...There are three suites, which would be perfect for an investor who would also like to have their own office. The other two suites could pay the mortgage. Another option would be to split into two suites or use as one large suite. Seller is willing to finance 100% to qualified Buyer!!

This 8759 SqFt Builiding is in a prime location on West Stone Drive. It is a free standing building with excellent visibility and access. This was used as a fitness center but could easily be transformed and used for other businesses.

Appraisal on file and can be sent on request

PRICE REDUCED! Convenient interstate location in Kingsport. This 2,727 facility sits on Jett Road near intersection of Wilcox Drive and I-26 interchange. Building has sanctuary area with baptismal, four large open rooms, small kitchen, 2 main restrooms and one smaller restroom. Possible uses include continuing as worship facility, or as small group home, daycare, youth center, community service agency or even up-fitted as a single family residence. Also potential as office or for small business user. Contact agent to discuss options.

Great Street Appeal and Excellent Location! Newly built in 2014, this former restaurant at the main entrance to the Kingsport Pavilion retail center is now for sale. This 3,400 sq ft restaurant on busy 1 acre corner features large open dining area with sunny picture windows, modern furnishings, a lounge area, serving counter, full kitchen and drive thru service area. Nicely maintained one acre site with 41 parking spaces.

This attractive property presents a great opportunity for cafe, bistro or other fast casual style restaurant, retail, financial or other business seeking high visibility in an active commercial retail setting. Nearby businesses include Target, Verizon, Best Buy, Lowe's and Aldi. Please contact agent for further information.

ATTENTION INVESTORS! Great starter investment with this high visibility 1,932 sq ft commercial building on over one half acre corner fronting busy West Stone Drive and Afton Street. Completely new renovation in 2017. Currently leased to excellent long term tenant with multiple locations in Southwest Virginia and East Tennessee. West Stone Coin Laundry lease in place through July 2022 with two 5-year renewal options. This corner property is at signalized intersection with large parking lot with easy access from two sides. Great traffic counts with 30,000 cars per day passing this location. Contact agent for further details and financials.

Two-story, brick building. Formerly a bank on approximately one acre. Great visibility and access. All property data to be verified by the purchaser, including sf.

Updated and renovated restaurant in the heart of Kingsport's retail and dining district. This facility has approximately 7,000 sq. ft. including an impressive bar/lounge, a tiered seating area including booths, and an open dining area equipped with seating for up to 200 guests. Spacious and welcoming waiting area. Substantial kitchen with all equipment necessary including two very large walk-in coolers. Formerly a Mexican restaurant, it is ready to reopen as new dining establishment or great potential for repurposing to any venture seeking Kingsport's busiest business location! Ample parking on three sides totalling 120 spaces on over 3 acre parcel. Easy access from both Stone Drive and Eastman Road on Jack White Drive. Sale includes all furnishings and equipment. Property also for lease, see separate listing. Contact agent to discuss possibilities!

MAJOR PRICE DROP! SEE NEW DRONE VIDEO - Excellent 14.53 acre parcel located at Stone Drive and I-26, Exit 1. Former Walmart location, all buildings have been removed and site is level and ready for development. Located at signalized intersection, the property sits on one of the busiest thoroughfares in Sullivan County with daily traffic counts over 28,000 cars per day. Current tenants in place at nearby Stonegate shopping center include Thai Noodle Town, International Wigs, and Little Caesar's. See attachments for drone video, further property details and regional information. Adjacent parcel also available allowing for additional site development options, see attached link. Great site for new commercial venture, contact Broker to discuss possibilities!

NEW LOWER PRICE! Excellent 1.15 acre commercial site primed for redevelopment on busy Ft. Henry Drive thoroughfare. Property consists of four lots currently Greenwood Motel and rental housing. Western edge is contiguous with BB & T Bank and eastern boundary contiguous with Walgreens and Jiffy Lube. Great traffic counts with over 18,000 vehicles per day passing this location. High visibility on Ft. Henry drive between Kingsport Town Center mall and Eastman Road intersection. Ideal for retail, service, or other commercial development.