CVS - 4106 Fort Henry Dr - Kingsport, TN

Strong Foot Traffic Ranking – This location ranks in the 81st percentile for foot traffic statewide (top 24 of 121 Tennessee stores) and is the #2 most visited CVS in Kingsport, demonstrating strong in-store performance and long-term operational relevance.
Long-Term Lease Extension – CVS has operated at this site since 2000 and reaffirmed its commitment with a 20-year lease extension in 2017, highlighting confidence in the location’s performance.
Rental Escalations – The lease includes 3% rent increases every five years during option periods, providing consistent income growth and a built-in hedge against inflation.
Integrated Healthcare Location – Strategically located within a healthcare-focused trade area, directly across from Brookdale Colonial Heights (60 beds) and approximately 1.5 miles from Brookdale Rock Springs (70 beds), supporting steady prescription demand driven by nearby senior populations.
Income Tax-Free State – Tennessee is one of only nine states with no state income tax, offering a favorable investment environment and enhanced after-tax returns.
High-Visibility Location – Positioned at a signalized intersection with exposure to over ±31,000 vehicles per day, the property benefits from strong visibility and consistent consumer traffic.
Long-Term Lease – Approximately 11 years remain on the base lease term, in addition to multiple renewal options, ensuring predictable and durable cash flow.
Investment-Grade Credit Tenant – The lease is guaranteed by CVS Health Corporation, a Fortune 500 company ranked #6, with an S&P credit rating of BBB and an approximate $96 billion market capitalization, providing strong credit backing and defensive stability.

Navigation Menu

Key Information

Highlights

Photos

Location

Agents

Financing Agents

Broker of Record

Hutt Cooke