Prime Stone Drive Retail Investment Property - REDUCED!

Retail-Commercial for Sale
Catylist Listing ID: 30811774
Property Subtypes: Free-Standing Building, Other
Building Size (RSF): 2,210 SF
Gross Building Area: See Agent
Sale Price: $750,000
Unit Price: $339.37 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 5.89%
Last Updated: 8/11/2022

Overview / Comments

Attention Investors! Now For Sale - Newly updated 2,210 sq ft commercial building on Stone Drive with top quality Natural health products including CBD products and Medical Cannabis Dispensary tenant, Apotheca, in place. Apotheca is a leading regional dispensary with locations in North Carolina, Tennessee and Georgia. A 5-star rated business, Apotheca is a plant medicine +U2 dispensary offering hand-selected CBD, Delta 8, Hemp, Kratom, & other effective herbal remedies. Lease commencement May 2022 with initial 7-year NNN lease term. See attached investment package for further information.

Building is newly remodeled inside and out with large paved parking at front and employee parking and access at rear. Lot is 60' x 238' IRR with access from Stone Drive and from Bridgewater Lane. Situated along very busy stretch of Stone Drive between O'Reilly Auto Parts and Appalachian Community Federal Credit Union. Contact agent for further financials and for property tour.

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Tax ID/APN: 082046LB01010
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Construction/Siding: Block, Brick
Parking Type: Structure
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,302 42,997 70,618
Median Age: 48.74 43.73 43.95
Households: 3,796 18,913 30,722

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