1501 E Stone Dr - Medical FOR SALE


Kingsport, TN 37660- Town Of Kingsport
$3,056,000 USD
818-632-0233
1501 E Stone Dr, Kingsport, TN for Sale
$3,056,000 USD
Medical - FOR SALE
1/11
null | 5.4% Cap Rate

1501 E Stone Dr
Kingsport, TN 37660
Town Of Kingsport


HIGHLIGHTS

  • New Construction | 15-Year Lease | 10% Increases Every 5 Years
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Kingsport Retail Corridor | Frontage to 33,140 VPD
  • Outparcel to Major Retail Hub | National Tenancy
  • Major Healthcare and Community Drivers Nearby
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Kingsport, Tennessee. The tenant, Dutch Bros, recently signed a brand-new, 15 year lease. The lease features 10% rental increases every 5 years throughout the initial term, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

FOR SALE DETAILS

PRICE

$3,056,000 USD

PRICE/SF

$560 USD /SF

CAP RATE

5.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | New 15yr Corp Abs NNN

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

2.88 AC

LAND SF

125,453 SF

ZONING

B-3

APN/PARCEL ID

046L-A-013.00

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.