4414 Stone DrKingsport, TN 37660

Property Details for 4414 Stone Dr

Year built

2004

Lot size

0.65 AC

Property size (Sq ft)

3,381 SF

Zone code

B-3

Property type

Drive through restaurants

APN

037022 03300

APU

3702203300

Description

This exceptional investment opportunity presents a freestanding Pizza Hut restaurant located at 4414 W Stone Drive, Kingsport, Tennessee, 37660. The property, built in 2004, boasts 3,365 square feet on a 0.65-acre lot and is situated in a high-traffic area with approximately 50,000 cars passing daily. The property is zoned B-3 and features a single-story building. The current tenant, a Pizza Hut franchisee, holds a Net Lease (NNN) agreement with a remaining lease term of approximately 1.1 years, expiring December 31, 2025. The original lease commenced September 9, 2003, and has a total lease term of 22.3 years. The property enjoys 100% occupancy since its opening on September 9, 2003, generating a Net Operating Income (NOI) of $45,748, resulting in a 5.23% capitalization rate. The asking price is $875,000, translating to a price per square foot of $260.03. The property's location benefits from the presence of new businesses in the area, including Scooters Coffee and Wiegel's Gas Station, further enhancing its investment potential. This is a rare opportunity to acquire a well-established, high-performing restaurant in a thriving commercial area. The property's strong tenant, favorable lease terms, and attractive financial metrics make it an ideal addition to any investment portfolio. The Hawkins County Assessor's Parcel Number (APN) is 037022 03300.

• CAP approach

  CAP return

  Valuation

  6%

  $959,084

  6.5%

  $885,308

  7%

  $822,072

• Comparable approach

  Method

  Valuation

  Relative Method

  $701,462

  Geo Method

  $701,462

• Alternative Use

  Use

  Valuation

  Residential

  $746,790

  Hospitality

  $684,056

  Educational

  $569,127

  Medical

  $588,700

  Retail

  $885,308

Location Insight

City

Kingsport

County

Hawkins

State

Tennessee

Latitude

36.5523

Longitude

-82.6279

CBSA code

28700

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].