1031 Exchange 10% Cap Rate Fully Leased Retail - Diverse Tenant Mix

Historic core of downtown Kingsport on the revitalized Broad Street corridor with street-level retail and nearby civic amenities.Stabilized, fully leased commercial space in the historic core of Downtown Kingsport. The first floor of 217 Broad Street offers ±4,621 square feet of street-level commercial space, 100% occupied by six established tenants, in a beautifully renovated 1920 building on Kingsport's revitalized Broad Street corridor. High-end residential lofts occupy the second and third floors above, putting a built-in customer base directly on top of the storefronts. Unlike value-add projects that require lease-up, build-out, or repositioning, this property produces strong, diversified, stable cash flow from day one — collect rent from the first month of ownership. Rent roll and full financials are available upon execution of a confidentiality agreement (NDA)A) Diverse, Fully Leased Street-Level Tenant Mix The first floor is occupied by a complementary mix of retail, personal service, wellness, and e-commerce tenants that generate consistent pedestrian activity throughout the day. The roster spans destination retail, boutique shopping, salon and beauty services, and massage therapy — creating a well-balanced income stream with limited concentration risk. No single industry dominates the rent roll, and the service tenants bring the kind of sticky, appointment-based clientele and recurring revenue that keep occupancy resilient through market cycles. Ideal 1031 Exchange Replacement Property Fully renovated, 100% occupied, and income-producing from day one, this property is an excellent 1031 exchange replacement asset. With a diversified rent roll and no lease-up or renovation risk, it offers a stable, low-friction acquisition for exchange buyers. Buyers should consult their qualified intermediary and tax advisor regarding 1031 requirements. Downtown & Kingsport Highlights: Brickyard Village — a 50-acre master-planned community currently underway, within walking distance of Downtown. 1.2 Million Population Within a 60-Mile Radius Great Smoky Mountains National Park = 12.5mm annual visitors Entire Pigeon Forge area sees 21mm+ annual visitors Adaptive reuse projects, on average, come in 16% less expensive and 18% faster than ground-up construction — and often deliver 10–15% higher ROI (Deloitte Report). Deals actually pencil. When you buy a stabilized asset, ask yourself: who's capturing the upside—you or the developer cashing out? Acquiring vacant or underutilized properties and executing a heavy value-add or adaptive reuse strategy lets you create the value instead of paying for someone else's margin.Prime downtown retail space for lease in Kingsport, TN at 217 Broad St. Excellent Broad Street location with strong visibility and foot traffic, ideal for retail, office, or service uses. Competitive Tenant Improvement & Free Rent Packages Available. Brickyard Village — a 50-acre master-planned community currently underway, within walking distance of Downtown. When you buy a stabilized asset, ask yourself: who's capturing the upside—you or the developer cashing out? 1.2 Million Population Within a 60-Mile Radius Great Smoky Mountains National Park = 12.5mm annual visitors Entire Pigeon Forge area sees 21mm+ annual visitors