3 historically preserved brick buildings offered at a 9% Cap Rate based on existing net income **115 E Market St. 117 E Market St. and 116 E Market St. *** Fully occupied buildings, one suite in 115 E Market is currently being renegotiated NNN lease 5 year term. Tenant mix consists of a variety of retail tenants including a Spa / Salon, Cafe shop, Anchor Dispensary, Gift Shop, Pet Spa, and 4 residential Loft spaces located on 2nd story of 116 E Market St. Total square foot is 16,627 SF, total rentable square foot is 16,427SF. All 3 Buildings have been fully redeveloped and is part of a broader value add / redevelopment portfolio located in the historic downtown Kingsport, TN region. Portfolio consists of 18 buildings totaling 219,294 SF priced at $81.28/SF and all centrally located in downtown Kingsport. Ownership is open to partial portfolio, or individual asset sales. Buildings also sit in an Opportunity Zone. Great opportunity to invest early in a growing downtown area.
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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