Shopping Community
Green Acres Shopping Center
1197 N Eastman Rd, Kingsport, TN 37664
Listing Price: Request For Offer
Investment Overview
Marcus & Millichap is pleased to offer for sale Green Acres Shopping Center a 156,474 square foot regional shopping center located in Kingsport, Tennessee. The subject property is currently 83% leased to a mix of national, regional, and local tenants. The center is anchored by Ollie’s Bargain Outlet and American Freight with several other national tenants including Dollar General, Goodwill, and Jersey Mike’s Subs.
Green Acres Shopping Center is well located in the Kingsport market with other nearby retailers including Big Lots, Food City, Walgreens, Papa Johns, McDonald’s, Taco Bell, and more. The property is also adjacent to Ross N. Robinson Middle School and Dobyns-Bennett High School (2,100+ students) and is minutes from downtown Kingsport.
The headquarters for Eastman Chemical is located a few blocks from the center, representing one of the largest chemical manufacturing sites in North America, covering approximately 900 acres and employing more than 7,000 workers. The site produces a broad range of chemicals, fibers and plastics found in products such as paint, textiles, medical devices and more. Eastman Chemical Co. was recognized with the Volunteer STAR award in 2024. This honor shows Eastman’s commitment to improving safety, health and wellness at the site and within the community. The company was first recognized with the honor in 1998.
Kingsport is the largest city in the Tri-City area of Kingsport, Bristol and Johnson City with a population over 500,000 in the Tri-City CSA. The immediate daytime population within 5-miles of the property swells by over 20,000 every day to nearly 90,000 people.
Green Acres Shopping Center
Investment Highlights
- Value Add with Low Rents and 16.5% Vacancy
- Upside Through Leasing 25,896 Square Feet of Available Space Including a Variety of Bay Sizes and a Prime Available End Cap
- Strong Tenant Mix of Many Complementary Retail and Service Oriented Tenants
- Far Below Replacement Cost
Listing Price: Request For Offer
Investment Highlights
- Value Add with Low Rents and 16.5% Vacancy
- Upside Through Leasing 25,896 Square Feet of Available Space Including a Variety of Bay Sizes and a Prime Available End Cap
- Strong Tenant Mix of Many Complementary Retail and Service Oriented Tenants
- Far Below Replacement Cost
Investment Overview
Marcus & Millichap is pleased to offer for sale Green Acres Shopping Center a 156,474 square foot regional shopping center located in Kingsport, Tennessee. The subject property is currently 83% leased to a mix of national, regional, and local tenants. The center is anchored by Ollie’s Bargain Outlet and American Freight with several other national tenants including Dollar General, Goodwill, and Jersey Mike’s Subs. Green Acres Shopping Center is well located in the Kingsport market with other nearby retailers including Big Lots, Food City, Walgreens, Papa Johns, McDonald’s, Taco Bell, and more. The property is also adjacent to Ross N. Robinson Middle School and Dobyns-Bennett High School (2,100+ students) and is minutes from downtown Kingsport. The headquarters for Eastman Chemical is located a few blocks from the center, representing one of the largest chemical manufacturing sites in North America, covering approximately 900 acres and employing more than 7,000 workers. The site produces a broad range of chemicals, fibers and plastics found in products such as paint, textiles, medical devices and more. Eastman Chemical Co. was recognized with the Volunteer STAR award in 2024. This honor shows Eastman’s commitment to improving safety, health and wellness at the site and within the community. The company was first recognized with the honor in 1998. Kingsport is the largest city in the Tri-City area of Kingsport, Bristol and Johnson City with a population over 500,000 in the Tri-City CSA. The immediate daytime population within 5-miles of the property swells by over 20,000 every day to nearly 90,000 people.
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