Marcus & Millichap is pleased to offer for sale the Shoppes on East Stone located at 2637 E Stone Drive in Kingsport, Tennessee. This 23,876 square-foot fee
simple retail center features high-quality construction and design, and is occupied by a strong mix of internet-resistant tenants. The property includes a
desirable combination of national, regional, and local businesses, such as Jersey Mike’s Subs, Lumber Liquidators, Lendmark Financial Services, East Coast
Wings, and a newly signed 10-year lease with Stanton Optical. The stable and diverse tenant mix ensures long-term occupancy and strong traffic
generation. Built in 2011, the asset has consistently maintained high occupancy levels and presents a value-add opportunity through one vacant 1,200
square-foot suite, supported by ample parking. With a competitive average rental rate, the property offers steady returns while reducing the risks associated
with tenant turnover and positioning for long-term NOI growth. Many tenants have significantly invested in their interior buildouts, further enhancing
occupancy stability.