Shopping Strip
IGA Grocery Anchored Center | 100% Leased
3006 N John B Dennis Hwy, Kingsport, TN 37660
Listing Price: $2,533,708
Investment Overview
Marcus and Millichap, on behalf of ownership, is pleased to present this opportunity to acquire a fully stabilized 37,380 square-foot Grocery-Anchored center:
• Located in Kingsport, a vibrant city in northeastern Tennessee, situated along the Holston River and anchored within the Tri-Cities region alongside Johnson City and Bristol. Known as the “Model City,” Kingsport was thoughtfully planned in the early 20th century and remains recognized for its strong industrial base, particularly in chemicals and manufacturing. Major employers such as Eastman Chemical Company have long contributed to the city’s economic stability and growth. With natural attractions like Bays Mountain Park and a revitalized downtown district, Kingsport offers a balance of outdoor recreation, business opportunity, and small-town quality of life.
• IGA (International Grocery Association) has a 100-year operating history with 763 locations in 38 states as the largest independent grocery collective in the world.
• Price Less Foods ranks #2 statewide among IGA stores with 361.6 thousand annual customer visits , has been at this location since 1990, showing a long-time commitment to the area.
• Kingsport Speedway is Tennessee’s only NASCAR weekly series track, offering races and practice rounds throughout the week. Typical attendance averages around ~1,500 fans per event in the region, based on NASCAR regional series data, generating consistent traffic to the area.
IGA Grocery Anchored Center | 100% Leased
Investment Highlights
- Opportunity to acquire a fully stabilized 37,380 square-foot Grocery-Anchored center
- Anchored by Price-Less Foods with a 35+ year Operating History
- Lack of Grocery Competition with nearest competitors, Aldi and Target, a 10-minute drive south
- Price Less Foods ranks #2 statewide among IGA stores with 361.6 thousand annual customer visits
- Located along Highway 93 (17,806 VPD) across the street from Kingsport Speedway, with weekly NASCAR races providing the asset with high visibility and additional consumer traffic.
- Growing population of 60,263 residents within 5-miles, complimented by new residential and re-development projects
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
Shopping Strip
IGA Grocery Anchored Center | 100% Leased
Listing Price: $2,533,708
Investment Highlights
- Opportunity to acquire a fully stabilized 37,380 square-foot Grocery-Anchored center
- Anchored by Price-Less Foods with a 35+ year Operating History
- Lack of Grocery Competition with nearest competitors, Aldi and Target, a 10-minute drive south
- Price Less Foods ranks #2 statewide among IGA stores with 361.6 thousand annual customer visits
- Located along Highway 93 (17,806 VPD) across the street from Kingsport Speedway, with weekly NASCAR races providing the asset with high visibility and additional consumer traffic.
- Growing population of 60,263 residents within 5-miles, complimented by new residential and re-development projects
Investment Overview
Marcus and Millichap, on behalf of ownership, is pleased to present this opportunity to acquire a fully stabilized 37,380 square-foot Grocery-Anchored center: • Located in Kingsport, a vibrant city in northeastern Tennessee, situated along the Holston River and anchored within the Tri-Cities region alongside Johnson City and Bristol. Known as the “Model City,” Kingsport was thoughtfully planned in the early 20th century and remains recognized for its strong industrial base, particularly in chemicals and manufacturing. Major employers such as Eastman Chemical Company have long contributed to the city’s economic stability and growth. With natural attractions like Bays Mountain Park and a revitalized downtown district, Kingsport offers a balance of outdoor recreation, business opportunity, and small-town quality of life. • IGA (International Grocery Association) has a 100-year operating history with 763 locations in 38 states as the largest independent grocery collective in the world. • Price Less Foods ranks #2 statewide among IGA stores with 361.6 thousand annual customer visits , has been at this location since 1990, showing a long-time commitment to the area. • Kingsport Speedway is Tennessee’s only NASCAR weekly series track, offering races and practice rounds throughout the week. Typical attendance averages around ~1,500 fans per event in the region, based on NASCAR regional series data, generating consistent traffic to the area.
Exclusively Listed By
Broker of Record
-
Jody McKibben
Senior Managing Director, Market Leader - Mid-South
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