Skip to main content

Shopping Neighborhood

price LE$$ foods Portfolio

1328 S John B Dennis Hwy, Kingsport, TN 37660

Listing Price: $4,575,000

Cap Rate
8.14%
Gross SF
70,976
Rentable SF
70,976
Price/Gross SF
$64.46
Lot Size
8.48 acres
Year Built
1993

Investment Overview

Marcus & Millichap is pleased to announce our most recent investment offering: the fee simple interest in two retail shopping centers grocery-anchored by price LE$$ foods, located in Kingsport, Tennessee. These well designed, early 90’s era grocery store properties are of sound construction and have been well maintained. The properties are being sold for the first time since being developed by the original owner and have an excellent operating history. Both sites have been in operation as grocery stores for nearly 30 years and are very secure investments.

Investment Highlights

  • Two Grocery Anchored Retail Shopping Centers
  • Houchens Industries Anchored - Forbes #180 Largest Private Companies
  • Low Anchor Tenant Rent of $5.80/sf

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Shopping Neighborhood

price LE$$ foods Portfolio

Listing Price: $4,575,000

Cap Rate
8.14%
Gross SF
70,976
Rentable SF
70,976
Price/Gross SF
$64.46
Lot Size
8.48 acres
Year Built
1993

Investment Highlights

  • Two Grocery Anchored Retail Shopping Centers
  • Houchens Industries Anchored - Forbes #180 Largest Private Companies
  • Low Anchor Tenant Rent of $5.80/sf

Investment Overview

Marcus & Millichap is pleased to announce our most recent investment offering: the fee simple interest in two retail shopping centers grocery-anchored by price LE$$ foods, located in Kingsport, Tennessee. These well designed, early 90’s era grocery store properties are of sound construction and have been well maintained. The properties are being sold for the first time since being developed by the original owner and have an excellent operating history. Both sites have been in operation as grocery stores for nearly 30 years and are very secure investments.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

MM Texture Background
MM Textured Background Lower