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27978256
27978257

2626 East Stone Dr, Kingsport, TN 37660

MJ
GA 321958, SC 83246 (+2)
Newmark - Atlanta - 3455 Peachtree Road
DF
GA 262066, AL 000076170 (+2)
Newmark - Atlanta - 3455 Peachtree Road
SM
GA GA 445056
Newmark - Atlanta - 3455 Peachtree Road
Listed by Newmark - Atlanta - 3455 Peachtree Road
Unpriced
216 days on market
Updated 22 days ago

Kingsport Pavilion

Details
APN 047 025.00 (Center), 047 024.90 (Land)
Property Type Retail
Sub Type Shopping Center
Square Footage 191,052
Net Rentable (SqFt) 191,052
Units 27
Occupancy 90%
Tenancy Multi
Brand/Tenant Burlington Coat Factory, Academy Sports + Outdoors (+3)
Broker Co-Op No
Class A
Year Built 2007
Year Renovated 2007
Buildings 1
Stories 1
Acreage 26.160
Zoning B-3, General Business District
Parking Spaces 1,800 spaces
Parking Per SqFt 9.42
Investment Type Core+

NEW OFFERING: 190K SF TN Power Center | 98% National Tenants | Value-Add Potential | Tennessee

Marketing description

As exclusive advisor, Newmark is pleased to present the opportunity to acquire the Kingsport Pavilion – a 191,052 square foot, best-in-class power center located in Kingsport, Tennessee. Shadow anchored by Target and Kohl’s, the subject property is comprised of seven dominant national tenants including Academy Sports & Outdoors, Michael’s Arts & Crafts, Burlington, Books-A-Million, Bealls Outlet, ULTA Beauty and Dollar Tree. The offering is highlighted by a brand new, 10-year lease with Burlington and a new, 10-year lease with Academy Sports & Outdoors that opened in 2024. Moreover, the offering also provides for future upside via an included 24.9-acre adjacent parcel boasting over 1,500 feet of undeveloped frontage along US-Highway 11.

Investment highlights

  • PREMIUM NATIONAL SHADOW ANCHORS & TENANTS

  • LONG-TERM LEASES WITH RENTAL RATE ESCALATIONS

  • SIGNIFICANT LEASING MOMENTUM

  • OUTSTANDING REAL ESTATE FUNDAMENTALS

  • SUPERIOR DEMOGRAPHIC PROFILE

  • VALUE-ADD OPPORTUNITY

Listing Contacts

MJ
GA 321958, SC 83246 (+2)
Newmark - Atlanta - 3455 Peachtree Road
DF
GA 262066, AL 000076170 (+2)
Newmark - Atlanta - 3455 Peachtree Road
SM
GA GA 445056
Newmark - Atlanta - 3455 Peachtree Road
Listed by Newmark - Atlanta - 3455 Peachtree Road

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