1401 E Stone Dr

New Construction – construction was completed in 2023.
Nearby to Eastman’s Global HQ & Leading U.S. Manufacturing Facility – Eastman Chemical’s +900 acre headquarter facility is the region’s leading employer & is one of North America’s largest manufacturing sites.
Premier Location & Major Retailers – Located in the heart of Kingsport, TN, this site is surrounded by national retailers such as Five Below, Target, Kroger, Ross Dress for Less, Lowe’s Home Improvement, Home Depot, Chick-Fil-A, and many other national retailers.
First Store Developed in Market – this is the 1st Chipotle to enter the Kingsport market & is positioned for success.
Landlord Friendly Lease – tenant is responsible for taxes, insurance, & common area maintenance (CAM).
Transferable Roof Warranty – landlord is responsible for the roof & structure. In 2023, ownership obtained a 20-year transferable roof warranty to eliminate any potential capital expenditures in the future.
Long Term Lease – Thirteen Years (13) remaining in the initial term of the lease.
Nationally Recognized Tenant & Corporate Guarantee – this lease is guaranteed by Chipotle Mexican Grill, Inc., a nationally recognized & publicly traded (NYSE: CMG) company with 3,800+ locations.
10% Rental Increases – Buyer will capitalize on increased returns every 5 years during the initial term of the lease & in each renewal period.
High Growth Market – Kingsport is part of the larger “Tri-Cities” region of Northeast Tennessee. This area has seen record population growth for the second consecutive year, quadrupling its growth rate prior to 2020.
Adjacent to Notable Tennessee High School – Located seconds from Dobyns-Bennett High School in Kingsport, the 5th largest high school in Tennessee.

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Hutt Cooke