4270 Fort Henry Dr - Storefront Retail/Office FOR SALE
Kingsport, TN 37663 |
$1,233,000 USD
646-805-1438
4270 Fort Henry Dr
Kingsport, TN 37663
HIGHLIGHTS
- 6+ Years Remaining | Options To Extend | 2% Annual Rental Increases Throughout The Primary Term
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Adjacent To Primary Retail Destination
- Frontage On Fort Henry Drive | Proximity To Interstate 81
- Strong Trade Area Demographics
OVERVIEW
• Over 6 years of remaining primary term with two (2) additional 5-year renewal options, providing stable in-place income and long-term extension potential
• 2% annual rental increases throughout the primary term support NOI growth and provide a built-in hedge against inflation, with fair market value (FMV) rent adjustments at the commencement of each renewal option
FOR SALE DETAILS
PRICE
$1,233,000 USD
PRICE/SF
$206 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Advance FInancial | Abs NNN | Annual Incrses
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.49 AC
LAND SF
21,344 SF
ZONING
B-3
APN/PARCEL ID
092J-C-059.20
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646-805-1438
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646-805-1438
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