Regional Eye Surgery Center — Sale in Kingsport, TN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Kingsport, TN 37660
  • Year built: 1986

Photos

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Investment Figures

Cap rate
8.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the investment opportunity located at 999 Executive Boulevard in Kingsport, Tennessee. The offering features a medical office asset in a highly central location and anchored by a long-term commitment from the existing tenant, who will execute a new 10-year absolute NNN leaseback at closing and provide investors with stable and predictable income. The lease structure ensures that the tenant is responsible for all operating expenses, minimizing landlord responsibilities and creating a passive investment profile. Additionally, the lease includes attractive 3 percent annual rent increases, offering consistent income growth over the hold period. While the property currently experiences higher vacancy, this presents a value-add opportunity for investors to lease remaining space and further enhance returns. Deferred maintenance is estimated at approximately $1 million, primarily related to roof and HVAC systems on one portion of the building, allowing a new owner to strategically address capital improvements and unlock additional value. The investment is further strengthened by a strong tenant presence in the market, reinforcing confidence in long-term occupancy and operational stability. Overall, this combination of secure tenancy, rental growth, and upside potential makes the property an attractive acquisition for investors seeking both income and value-add opportunities. Investment Highlights: • 10-Year Leaseback! • Huge Value-Add Potential! • Great Location!

Market Context

This office in Kingsport, TN is listed for sale. It is offered at an approximate 8.0% capitalization rate, a key benchmark for income-producing office assets. The building dates to 1986. Compare it against other office listings for sale in Kingsport, TN — view the full market.

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