2626 E Stone Dr
Kingsport, TN 37660
Kingsport Pavilion · Commerce de détail Propriété À vendre

As exclusive advisor, Newmark is pleased to present the opportunity to acquire the Kingsport Pavilion – a 191,052 square foot, best-in-class power center located in Kingsport, Tennessee. Shadow anchored by Target and Kohl’s, the subject property is comprised of seven dominant national tenants including Academy Sports & Outdoors, Michael’s Arts & Crafts, Burlington, Books-A-Million, Bealls Outlet, ULTA Beauty and Dollar Tree. The offering is highlighted by a brand new, 10-year lease with Burlington and a new, 10-year lease with Academy Sports & Outdoors that opened in 2024. Moreover, the offering also provides for future upside via an included 24.9-acre adjacent parcel boasting over 1,500 feet of undeveloped frontage along US-Highway 11. Serving the trade area since 2007, Kingsport Pavilion is the dominant retail destination in the high growth Sullivan County market. The asset is positioned in close proximity to the Indian Path Hospital – a Ballad Health, 261-bed facility – and other prominent retailers in the immediate vicinity including Lowe’s Home Improvement, ALDI, Walgreens, Hobby Lobby, Ross Dress For Less, The Home Depot and many others. Combined with the market’s population and employment growth, this offering provides IRR-conscious investors with the rare opportunity to acquire a dominant regional power center with rare upside via its included land parcel.