Cap Rate
5%
Tot. SF
37,026
1789 N Eastman Rd, Kingsport, TN, 37664
Valvoline$1,400,000
Key Information
Year Built
2024
Term Remaining
±13 Yrs
Type
Retail
NOI
$70,000
Highlights
- New Construction – construction was completed in 2024.
- Below Market Rent – recently executed leases in this retail corridor at higher rates. Offers future owners upside in rents & returns.
- Adjacent 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 Valvoline to enter the Kingsport market & is positioned for success.
- Absolute Net Ground Lease Structure – Zero landlord responsibilities.
- Long Term Lease – Thirteen Years (13) remaining in the initial term of the lease.
Photos
Location
Agents
T
Tanner SanfordLicense # 370826 (TN)
C
Clay SmithLicense # 361676 (TN)
Broker of Record
Hutt Cooke
License # 263667 (TN)Matthews Real Estate Investment Services, Inc1600 West End, Ste. 1500 Nashville, TN 37203