2101 Fort Henry DrKingsport, TN 37664

Property Details for 2101 Fort Henry Dr

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Property size (Sq ft)

470,239 SF

Property type

Retail properties

Property subtype

Super regional malls

APN

082061E H 01200 001

APU

082061EH01200001

Description

Fort Henry Mall in Kingsport, Tennessee offers exceptional retail space for lease. This vibrant shopping center boasts a total of 433,175 square feet and currently has four available inline and restaurant spaces ranging from 1,790 square feet to 12,986 square feet, providing flexibility for various business needs. The mall features a diverse tenancy, creating a strong synergy and high foot traffic. A significant boost to the mall's appeal is the recently announced arrival of an IMAX theater and a Rural King store, promising increased customer volume and enhanced visibility for tenants. This strategic location in Kingsport, TN presents a unique opportunity for businesses seeking to establish or expand their presence in a thriving retail environment. The available spaces are ideal for a variety of retail concepts, including restaurants, and offer excellent potential for growth and profitability. The property's size and diverse tenant mix create a dynamic shopping destination, ensuring high visibility and accessibility for prospective businesses. This is a prime opportunity to secure a space in a rapidly developing retail center with significant future growth potential. Interested parties are encouraged to inquire about lease terms and availability for these exceptional retail spaces. The combination of existing tenants and the upcoming additions of an IMAX and Rural King makes this a truly compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $133,392,048

  6.5%

  $123,131,120

  7%

  $114,336,040

• Comparable approach

  Method

  Valuation

  Relative Method

  $97,561,240

  Geo Method

  $97,561,240

• Alternative Use

  Use

  Valuation

  Residential

  $103,865,704

  Hospitality

  $95,140,424

  Educational

  $79,155,720

  Medical

  $81,878,008

  Retail

  $123,131,120

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5286

Longitude

-82.521

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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