1205 E Stone Dr, Kingsport, TN 37660

MAJOR PRICE ADJUSTMENT!!! Investment Offering – Absolute NNN Ground Lease | Chick-fil-A | Kingsport, Tennessee

TCI Group is pleased to present the opportunity to acquire the fee simple interest in a single-tenant, net-leased Chick-fil-A located at 1205 East Stone Drive in Kingsport, Tennessee (the “Property”).

This newly reconstructed, next-generation restaurant prototype re-opened on January 26, 2023 and features an expanded 5,285 square foot floor plan designed to accommodate high-volume operations. The Property is improved with a rare and highly sought-after modern and covered 2-lane drive-thru, enhancing throughput capacity and customer service efficiency. The site was simultaneously expanded to a total of approximately 1.35 acres, providing improved traffic flow and on-site circulation. See Investment Strategy document for full positioning, renewal outlook, and redevelopment potential by clicking the FLYER Tab.

The Property is secured by a new 15-year initial term absolute NNN ground lease executed in 2022 with eight (8) 5-year options to renew, offering investors a passive, management-free income stream with minimal landlord responsibilities. The site is zoned B-3 (Highway Business District), supporting long-term retail use and positioning the asset within one of Kingsport’s primary commercial corridors.

Chick-fil-A is widely recognized as one of the premier quick-service restaurant operators in the United States, consistently ranking among the top national brands in customer satisfaction, operational efficiency, and product quality. The company generates some of the highest average unit volumes in the industry and ranks among the top three U.S. quick-service restaurant chains by total systemwide sales—despite maintaining a significantly smaller store count than many of its national competitors.