Crown Plaza Strip Center - Attention Investors!
Also listed as Retail-Commercial, Office
|Catylist Listing ID:
Mixed Use, Strip Center
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
|Property Use Type:
||Net Leased Investment (NNN), Investment
||Crown Plaza Shopping Center
||Cash to Seller
|Average Occupancy Rate:
Overview / Comments
ATTENTION INVESTORS - FULLY LEASED! For Sale - Highly visible power center on West Stone Drive in Kingsport, TN. There are four businesses in the center, H & R Block, Chinese Massage, Kravmaga and a coin laundry with two being strong long term tenants. This is a true triple net investment with tenants paying for all the pass through expenses. Asking price is calculated on a very reasonable 9% cap rate with Net Operating Income of $65,739.00.
Building is 8,000 sq ft on 1.04 acres with 35 parking spots including door front spaces and two handicapped spots. Great access via signalized intersection where Lynn Garden Drive meets Stone Drive allowing for easy ingress and egress. Super busy section of Stone Drive with a daily traffic count of 30,000 cars per day.
Current owner diligently maintains the property with patch and striping done on the parking lot in 2019 and LED lights installed on building exterior and parking area in 2018. Zoned B3. Contact agent for further details and financials.
DO NOT APPROACH TENANTS FOR ANY FURTHER INFORMATION, CONTACT THE LISTING BROKER.
||082 046A E 02500 000 2019
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