Shopping Strip
Grocery-Anchored Center | 100% Leased | Tennessee Tri-Cities
1328 S John B Dennis Hwy, Kingsport, TN 37660
Listing Price: $2,546,323
Investment Overview
Marcus and Millichap, on behalf of ownership, is pleased to present this fully stabilized Grocery-Anchored center in Kingsport, TN. The 33,800-square-foot center is anchored by a well-performing Price-Less Foods with a 33-year operating history. Per Placer.ai, this location is #1 statewide among IGA stores with 374.9 thousand annual customer visits, and benefits from a lack of competition in the submarket.
The property is positioned along Route 93 (24,651 VPD), one-half mile from its interchange with I-26 (44,881 VPD). It is positioned adjacent to Dollar General, Wesco Electrical Supply Store, and Burger King. There is a newly developed Marriott Hotel directly behind the store, and it is adjacent to Meadow View golf resort and convention center hotel. The property is within five minutes of Eastman Chemical Company Headquarters with revenue over $9.2B and 6,800 employees, and Holston Valley Medical Center, a 250-bed level 1 trauma center with over 2,500 employees.
Grocery-Anchored Center | 100% Leased | Tennessee Tri-Cities
Investment Highlights
- Opportunity to acquire a fully stabilized 33,800 square-foot Grocery-Anchored center
- Anchored by Price-Less Foods with a 33+ year Operating History; ranks # 1 statewide among IGA stores with 374.9 thousand annual customer visits per Placer.ai
- Lack of Grocery Competition in the submarket; Positioned along Route 93 (24,651 VPD) one-half mile from its interchange with I-26 (44,881 VPD).
- Growing population of 62,280 residents within 5 miles, complemented by new residential and redevelopment projects
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
Shopping Strip
Grocery-Anchored Center | 100% Leased | Tennessee Tri-Cities
Listing Price: $2,546,323
Investment Highlights
- Opportunity to acquire a fully stabilized 33,800 square-foot Grocery-Anchored center
- Anchored by Price-Less Foods with a 33+ year Operating History; ranks # 1 statewide among IGA stores with 374.9 thousand annual customer visits per Placer.ai
- Lack of Grocery Competition in the submarket; Positioned along Route 93 (24,651 VPD) one-half mile from its interchange with I-26 (44,881 VPD).
- Growing population of 62,280 residents within 5 miles, complemented by new residential and redevelopment projects
Investment Overview
Marcus and Millichap, on behalf of ownership, is pleased to present this fully stabilized Grocery-Anchored center in Kingsport, TN. The 33,800-square-foot center is anchored by a well-performing Price-Less Foods with a 33-year operating history. Per Placer.ai, this location is #1 statewide among IGA stores with 374.9 thousand annual customer visits, and benefits from a lack of competition in the submarket. The property is positioned along Route 93 (24,651 VPD), one-half mile from its interchange with I-26 (44,881 VPD). It is positioned adjacent to Dollar General, Wesco Electrical Supply Store, and Burger King. There is a newly developed Marriott Hotel directly behind the store, and it is adjacent to Meadow View golf resort and convention center hotel. The property is within five minutes of Eastman Chemical Company Headquarters with revenue over $9.2B and 6,800 employees, and Holston Valley Medical Center, a 250-bed level 1 trauma center with over 2,500 employees.
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
