Prime Stone Drive Retail Investment Property - REDUCED!
1526 E Stone Dr, Kingsport, TN 37660
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
Source: NETAR CMLS
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