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4270 Fort Henry Dr
Kingsport, TN 37663
Advance FInancial | Abs NNN | Annual Incrses · Retail Property For Sale
Investment Highlights
- 6+ Years Remaining | Options To Extend | 2% Annual Rental Increases Throughout The Primary Term
- Dense Retail Corridor | Adjacent To Primary Retail Destination
- Strong Trade Area Demographics
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Frontage On Fort Henry Drive | Proximity To Interstate 81
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,000 SF
Building Class
B
Year Built/Renovated
1990/2019
Price
$1,739,393 CAD
Price Per SF
$289.90 CAD
Cap Rate
7.75%
NOI
$134,814 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.49 AC
Zoning
B-3 - Highway Oriented Business District
Parking
30 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
119’ on Fort Henry Dr
Amenities
- Freeway Visibility
- Signage
Property Taxes
| Parcel Number | 092J-C-059.20 | Improvements Assessment | $318,762 CAD |
| Land Assessment | $117,088 CAD | Total Assessment | $435,850 CAD |
Property Taxes
Parcel Number
092J-C-059.20
Land Assessment
$117,088 CAD
Improvements Assessment
$318,762 CAD
Total Assessment
$435,850 CAD
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