3365 E Stone Dr - Truck Terminal FOR SALE


Kingsport, TN 37660- Town Of Kingsport
$1,550,000 USD
423-534-6355
3365 E Stone Dr, Kingsport, TN for Sale
$1,550,000 USD
Truck Terminal - FOR SALE
1/4
null | 6% Cap Rate

3365 E Stone Dr
Kingsport, TN 37660
Town Of Kingsport


OVERVIEW

For investors seeking a premier 1031 exchange prospect, this property presents an exceptional opportunity. The national tenant has maintained operations at this site for more than 16 years and holds multiple five-year renewal options that include scheduled rent increases. This asset offers a robust triple-net (NNN) income stream featuring a 6.0% CAP rate. Situated on Highway 11W in Kingsport, TN, the facility serves as a hub for a regional distribution firm. Originally constructed in 1974, the building has recently undergone extensive upgrades, including a new membrane roof, fresh interior and exterior paint, and new flooring throughout the office section. Additional improvements include high-intensity exterior security lighting and a freshly striped parking area. Key physical attributes include an 11,800-square-foot metal structure positioned on a 4.2-acre lot. The interior comprises 2,350 square feet of dedicated office space, while the warehouse features a 22-foot clear ceiling height and 28 dock-high doors. The entire perimeter is fenced, and the site is zoned M-1. Investors should act quickly to secure this fully renovated, long-term income-producing asset backed by a reliable tenant.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1031 EXCHANGE PROPERTY

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Truck Terminal

ADD'L SUBTYPES

Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

22 Ft

DOCKS

28

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.2

LAND SF

182,952

ZONING

M-1

APN/PARCEL ID

032-083.00

ASK ABOUT THIS PROPERTY

John MoodyBlue Ridge PropertiesMore Info
423-534-6355

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John MoodyBlue Ridge PropertiesMore Info
423-534-6355

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