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Walgreens

$4,250,000

2790 E Stone Dr, Kingsport, TN 37660

Active
Last Updated: 07/29/2025

8.61

Cap Rate

366,000

NOI

Details:
Cap Rate:    8.61%
NOI:    $366,000
Building Size:    14,820 sqft
Lot Area:    2.21 acres
Occupancy:    100%
Class:    C
Year Built:    2009
Floors:    1
Highlights:
  • Premium Absolute Net Lease Opportunity with 10 Years Remaining
  • Constructed in 2009
  • Prime, high-visibility location in Kingsport, TN
  • Excellent exposure with combined traffic counts of 23,000 vehicles per day (VPD)
  • Strategically positioned near Target, Lowe’s, and numerous other national retailers
  • Surrounded by affluent neighborhoods with average household incomes of $100,000
Description:

Introducing an exceptional investment opportunity in Kingsport, TN! This impressive 14,916 SF free-standing building, constructed in 2009, offers a prime commercial space within a highly sought-after area. Currently boasting a 100% occupancy rate, this property presents a secure and lucrative option for retail and free-standing building investors. With a modern and well-maintained structure, this property is perfectly positioned to deliver outstanding returns on investment. Don't miss the chance to acquire a stable and prosperous asset in a thriving market.

Nestled in the vibrant city of Kingsport, Tennessee, the area around 1001 N Eastman Rd offers an exceptional blend of convenience, charm, and modern amenities. Kingsport is known for its picturesque landscapes and a thriving business community, making it an ideal location for any office or office building.

Situated in the heart of Kingsport, the area provides easy access to a variety of dining, shopping, and recreational options. Nearby, you'll find the Kingsport Town Center, a popular shopping destination featuring a mix of retail stores, eateries, and services. For those who enjoy the outdoors, the beautiful Bays Mountain Park & Planetarium offers over 3,500 acres of nature preserves, hiking trails, and a fascinating planetarium.

Additionally, the location benefits from its proximity to major transportation routes, including Interstate 26 and Highway 11W, facilitating smooth commutes and connectivity to neighboring cities such as Johnson City and Bristol. The Eastman Chemical Company, a Fortune 500 company, also has its headquarters nearby, contributing to the area's robust economic landscape.

Healthcare services are readily accessible with the Holston Valley Medical Center, one of the region's leading hospitals, located just a short drive away. Educational opportunities abound with institutions like Northeast State Community College and East Tennessee State University within easy reach.

Overall, Kingsport's strategic location, coupled with its rich array of amenities and natural beauty, makes it an attractive and dynamic environment for businesses and professionals.

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