2 Grocery-Anchored Centers | Kingsport 2 Retail Properties Offered at $6,825,789 CAD in Kingsport, TN

Marcus and Millichap, on behalf of ownership, is pleased to present this opportunity to acquire a fully stabilized 71,180 square-foot Grocery-Anchored center portfolio:
The properties are located at 3006 N. John B. Dennis Highway, Kingsport, TN, 37660 and 1328 S. John B Dennis Highway, Kingsport, TN, 37660.
Kingsport is a vibrant city in northeastern Tennessee, situated along the Holston River and anchored within the Tri-Cities region alongside Johnson City and Bristol. Known as the “Model City,” Kingsport was thoughtfully planned in the early 20th century and remains recognized for its strong industrial base, particularly in chemicals and manufacturing. Major employers such as Eastman Chemical Company have long contributed to the city’s economic stability and growth. With natural attractions like Bays Mountain Park and a revitalized downtown district, Kingsport offers a balance of outdoor recreation, business opportunity, and small-town quality of life.
Both properties are anchored by Price-Less Foods, an IGA affiliate with a 30+ year operating history in these locations. The North Kingsport location ranks #2 statewide for IGA stores in terms of customer traffic, while the South Kingsport location ranks #1 in Tennessee. Price-Less IGA is operated by Houchens Food Group, one of the largest employee-owned companies in the U.S.
The properties benefit from strong demographics, high traffic counts along John B. Dennis Highway, proximity to major employers including Eastman Chemical Company headquarters, and limited grocery competition in the submarkets. The Kingsport Speedway, Tennessee's only NASCAR weekly series track, is located directly across from the North property, generating consistent traffic to the area.