1736 N Eastman Rd
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1736 N Eastman Rd
12,540 SF Light Industrial Building Kingsport, TN 37664 £1,358,684 (£108/SF) 7.25% Net Initial Yield
Investment Highlights
- 10 years remaining and 10% rent escalation years 6-10, meaning no landlord responsibility and increasing returns.
- Prime stand-alone structure with stabilized credit tenant on a NNN lease.
- Well maintained building that will not require owner to provide property improvements
- Located in a High traffic area with excellent access to Interstate 26.
Executive Summary
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 Facts
Amenities
- Fenced Lot
- Security System
- Reception
- Air Conditioning
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Electric
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Charlotte
872,498
169
3 h 59 m
Columbus
892,533
319
6 h 29 m
Indianapolis
867,125
404
7 h 44 m
Jacksonville
903,889
520
9 h 47 m
Philadelphia
1,584,138
537
10 h 18 m
Chicago
2,705,994
586
11 h 13 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
128,647
Total Labor Force
59,692
Unemployment Rate
3.08%
Median Household Income
$50,539
Warehouse Employees
12,138
High School Education Or Higher
89.50%
$ values in USD
PROPERTY TAXES
| Parcel Number | 046M-L-003.20 | Improvements Assessment | £81,046 |
| Land Assessment | £94,112 | Total Assessment | £175,158 |
PROPERTY TAXES
Parcel Number
046M-L-003.20
Land Assessment
£94,112
Improvements Assessment
£81,046
Total Assessment
£175,158
zoning
| Zoning Code | GC (Commercial) |
| GC (Commercial) |
-
Russell Taylor -
Tri Elite Holdings
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1736 N Eastman Rd
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