Taco Bell/Fast Food Building Free Standing

Retail-Commercial for Sale
Catylist Listing ID: 30704253
Property Subtypes: Restaurant
Building Size (RSF): 1,858 SF
Gross Building Area: See Agent
Gross Land Area: 0.71 Acres
Sale Price: $975,000
Unit Price: $524.76 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: Fast Food
Usable Size (USF): 1,858 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/11/2021

Overview / Comments

Now Available at traffic-lit corner, vacant Taco Bell/Fast Food building on corner outparcel, ideally located for restaurant with drive through. Across the Street from new Eastman Credit Union, New Weigel's, and new commercial development. traffic count of 46,430 Cars per day along its frontage on W Stone Dr.,Highest counts in Kingsport; site is directly adjacent to CVS and Pizza Hut.

Former Taco Bell Franchise performed well, consistently in excess of Average Unit Volume (AUV)

Location is on the right headed out of Kingsport on W Stone Dr., arterial Commercial corridor headed to Mt Carmel. Perfect for stopping off on the commute home.

Parcel is .71 acres, with 183 ft of prime real estate frontage on 11W.

Attachments & Media

Additional Details

Nearest MSA: Kingsport-Bristol
County: Sullivan
Submarket Type: Suburban
Taxing Authority: Kingsport
Tax ID/APN: 037022 03301
Zoning: B-3
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Located Between: Kingsport and Mt Carmel
Property Visibility: Excellent
Largest Nearby Street: 11W W stone Dr
Feet of Frontage: 183
Traffic/Vehicle Count: 46,430
Highway Access: 11W
Site Description: Pad ready outparcel site with building in place, prime location, traffic lit corner
Area Description: Neighborhood Center behind, and near Class A commercial Real Estate, Eastman Credit Union, CVS, new development, strip centers. Kingsport is a city in Sullivan and Hawkins counties in the U.S. state of Tennessee; ] as of 2019 the estimated population was 54,127. Kingsport is the largest city in the Kingsport–Bristol–Bristol, TN-VA Metropolitan Statistical Area (MSA), The Metropolitan Statistical Area is a component of the Johnson City–Kingsport–Bristol, TN-VA Combined Statistical Area – commonly known as the "Tri-Cities" region. Census data from 2006–2008 for the Tri-Cities Combined Statistical Area estimates a population of 496,454. Kingsport is commonly included in what is known as the Mountain Empire, which spans a portion of southwest Virginia and the mountainous counties in northeastern Tennessee. Businesses in Kingsport, TN have recently made investments in the city worth more than $3 billion signaling a growing economy. Kingsport is home to a diverse mix of manufacturing firms, technology companies and small businesses. • Kingsport is home to the global headquarters of Eastman Chemical, a $9.5B revenue company ranked #305 in Fortune 500. Eastman Chemical is a huge economic driver with 7,500 local employees. • Leclerc Foods announced in December that the food producer will establish its U.S. headquarters and expand its business in Kingsport. The expansion will include an investment of $49 million to establish a second facility in Kingsport and create 105 jobs. • In January 2016, Pure Foods opened its new global headquarters in Kingsport. The specialty snack food producer chose Kingsport for its new $22 million, 88,000- square-foot, headquarters and manufacturing campus which spans 35 acres. The facility opening is anticipated to produce approximately 275 new jobs for the area. • Two major hospital systems, Wellmont Health System and Mountain States Health Alliance are located in Kingsport. • Kingsport is the home of several other large industries including Domtar, a global sustainable paper company and BAE Systems, a cyber defense company
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2000
Construction/Siding: Block
Exterior Description: Has had franchise markings sanitized from building facades, and is ready for new restaurant concept.
Total Parking Spaces: 37
Parking Type: Surface
Parking Description: 37 spaces, and drive through already in.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,016 22,059 49,625
Median Age: 35.05 42.32 42.17
Households: 1,297 9,468 21,576

Contact

Photograph of Listing Agent

Stephen J Goodson, ChFC

Remax Checkmate, Commercial Division NETAR CMLS Member
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