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1526 E Stone Dr
Kingsport, TN 37660
Retail Property For Sale
EXECUTIVE SUMMARY
Attention Investors! Now For Sale - Newly updated 2,210 sq ft commercial building on Stone Drive with top quality Natural health products including CBD products and Medical Cannabis Dispensary tenant, Apotheca, in place. Apotheca is a leading regional dispensary with locations in North Carolina, Tennessee and Georgia. A 5-star rated business, Apotheca is a plant medicine +U2 dispensary offering hand-selected CBD, Delta 8, Hemp, Kratom, & other effective herbal remedies. Lease commencement May 2022 with initial 7-year NNN lease term. See attached investment package for further information.
Building is newly remodeled inside and out with large paved parking at front and employee parking and access at rear. Lot is 60' x 238' IRR with access from Stone Drive and from Bridgewater Lane. Situated along very busy stretch of Stone Drive between O'Reilly Auto Parts and Appalachian Community Federal Credit Union. Contact agent for further financials and for property tour.
Building is newly remodeled inside and out with large paved parking at front and employee parking and access at rear. Lot is 60' x 238' IRR with access from Stone Drive and from Bridgewater Lane. Situated along very busy stretch of Stone Drive between O'Reilly Auto Parts and Appalachian Community Federal Credit Union. Contact agent for further financials and for property tour.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,000 SF
Building Class
C
Year Built
1982
Price
$1,034,197 CAD
Price Per SF
$517.10 CAD
Cap Rate
5.89%
NOI
$60,914 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.33 AC
Zoning
91
Parking
6 Spaces (3.41 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 046L-B-010.10 | Improvements Assessment | $87,709 CAD |
| Land Assessment | $105,589 CAD | Total Assessment | $193,298 CAD |
PROPERTY TAXES
Parcel Number
046L-B-010.10
Land Assessment
$105,589 CAD
Improvements Assessment
$87,709 CAD
Total Assessment
$193,298 CAD
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