1501 E. Stone Drive

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1501 E. Stone Drive

Kingsport, TN 37664
Asking Price
$3.00M
Cap Rate
5.5%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Large Parcel | Near 239-bed hospital <ul><li>​Tenant recently signed a brand new 15-year lease</li><li>​Lease provides 10% rental increases every five years throughout the term</li><li>​Dutch Bros operates 1,150+ locations nationwide and continues rapid U.S. expansion with $2MM+ average unit volume.</li><li>​Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises</li><li>​No landlord responsibilities</li><li>​Ideal, management-free investment for an out-of-state, passive investor</li><li>​Located along Lee H

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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.363
Annual Cash Flow
$-98,108.358

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