1736 Eastman Rd, Kingsport, TN 37664
12,540 SF | Flex Building | Kingsport, TN 37664 | $1,722,033 ($137/SF) | 7.25% Cap Rate
For Sale
Active
Asking Price $1,722,033
- Property Type
-
Industrial
- Price / Square Foot
- $137
Listing Contacts
- Property Info
Property Overview
Tri Elite Holdings LLC, on behalf of the Owner, is pleased to offer for sale 1736 N Eastman Road, a Commercial Warehouse & Office Space property conveniently located in Kingsport, TN. 1736 N Eastman Road is strategically located on Eastman Rd. The center is currently 100% occupied with a long-term lease to Brightspeed . The subject property sits on 2.01 acres, was built in 1994, and consists of approximately 12,540 SF. New roof includes was installed five years ago and includes 20 year warranty.
The offering includes 8,570 Square Feet of warehouse space that features a generous 15-foot clear height, ideal for storage, packing, and shipping operations. 3,970 Square Feet of office space, this property provides ample room for your administrative and professional needs. The warehouse includes a 14X10 overhead door with a 5,000-pound scissor lift for efficient loading and unloading (locations is capable of semi-truck deliveries). The building is extremely well built with masonry construction and there is ample parking with 1.91 spaces per 1,000 SF with 24 total parking spaces. 1736 N Eastman Road is located in a high traffic area with a 22,766 Average Daily Traffic Count
The offering includes 8,570 Square Feet of warehouse space that features a generous 15-foot clear height, ideal for storage, packing, and shipping operations. 3,970 Square Feet of office space, this property provides ample room for your administrative and professional needs. The warehouse includes a 14X10 overhead door with a 5,000-pound scissor lift for efficient loading and unloading (locations is capable of semi-truck deliveries). The building is extremely well built with masonry construction and there is ample parking with 1.91 spaces per 1,000 SF with 24 total parking spaces. 1736 N Eastman Road is located in a high traffic area with a 22,766 Average Daily Traffic Count
Property Details
- Class
- B
- Year Built/Renovated
- 1994/2019
- Stories
- 1
- Property Subtype
- Flex, Manufacturing, Distribution
- Lot Size (sq. ft)
- 87,556 SF
Highlights
- 10 years remaining and 10% rent escalation years 6-10, meaning no landlord responsibility and increasing returns.
- Well maintained building that will not require owner to provide property improvements
- Prime stand-alone structure with stabilized credit tenant on a NNN lease.
- Located in a High traffic area with excellent access to Interstate 26.
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