Prime Stone Drive Retail Investment Property - REDUCED!

1526 E Stone Dr, Kingsport, TN 37660

2,210 SF
$750,000

Listing Details

List Price
$750,000
List Price Per SF
$339.37
Cap Rate
5.89%
List Date
7/21/2022
Listing ID
31826813

Prime Stone Drive Retail Investment Property - REDUCED!

Attention Investors! Now For Sale - Newly updated 2,210 sq ft commercial building on Stone Drive with top quality Natural health products including CBD products and Medical Cannabis Dispensary tenant, Apotheca, in place. Apotheca is a leading regional dispensary with locations in North Carolina, Tennessee and Georgia. A 5-star rated business, Apotheca is a plant medicine +U2 dispensary offering hand-selected CBD, Delta 8, Hemp, Kratom, & other effective herbal remedies. Lease commencement May 2022 with initial 7-year NNN lease term. See attached investment package for further information.

Building is newly remodeled inside and out with large paved parking at front and employee parking and access at rear. Lot is 60' x 238' IRR with access from Stone Drive and from Bridgewater Lane. Situated along very busy stretch of Stone Drive between O'Reilly Auto Parts and Appalachian Community Federal Credit Union. Contact agent for further financials and for property tour.

Space Details

Total Available
2,210 SF
Primary Use
Retail
Investment
Yes

Property Highlights

Type
 Retail: Freestanding
Size
2,285 SF, 0.33 Acres
Occupancy Type
Single Tenant
Number of Buildings, Floors
1 , 1

Contact

Glenn A. Perkins

Vice President Net Lease Investments

TCI Group-Jerry Petzoldt Agency LLC

Kaden Lawson

Affiliate Broker

TCI Group-Jerry Petzoldt Agency LLC

Attachments

BROKER

Source: NETAR CMLS

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