Retail · Kingsport, Tennessee
Kingsport Pavilion
2626 East Stone Drive, Kingsport, TN · Google Maps
Kingsport Pavilion is financed with a $18.9M CMBS loan at 6.771% that reaches maturity on September 6, 2031, in 4 years and 10 months. As of the Nov 2026 servicer report its status is current.
The loan
- Balance in tracked trusts
- $18,900,000
- Original balance (same notes)
- $18,900,000
- Interest rate
- 6.771% fixed
- Originated
- August 31, 2026
- Maturity
- September 6, 2031
- Payments
- Interest only for the full term
- Prepayment lockout ends
- March 5, 2031
- Master servicer
- Trimont LLC
- Originator
- Goldman Sachs Bank USA
Status
- Payment status
- Current (code 0)
- Special servicing
- No transfer reported
- Defeasance
- None reported
The property
- Address
- 2626 East Stone Drive, Kingsport, TN 37660
- Rentable area
- 191,131 sq ft
- Built
- 2007
- Largest tenants
- Academy Sports + Outdoors; Michaels; Burlington
- Value at securitization
- $28.0M (Jul 2026)
Performance
| Measure | At securitization | Latest |
|---|---|---|
| DSCR (NOI) | 1.71x | n/a |
| Occupancy | 90% | n/a |
| Net operating income | $2.2M | n/a |
Comparable loans: retail properties in Tennessee, with NOI, occupancy and value.
Watch flags
Computed from the Benchmark 2026-V24 Mortgage Trust filing for the reporting period ending November 12, 2026, filed with the SEC October 26, 2026.
None this month. No flag in the cmbs.news screen applies to this loan.
cmbs.news's own rule-based labels on the filed fields (definitions), not a credit rating, a prediction or a view of the borrower.
Who is behind this loan
- Non-recourse carveout guarantor and sponsor
- Shown with Pro
Source: SEC Form 424B2 prospectus, Annex A-1, filed Nov 2026.
Operating statement
| Annual | At securitization | Latest | Per sq ft |
|---|---|---|---|
| Revenue | $2.9M | n/a | |
| Operating expenses | $729K | n/a | |
| Net operating income | $2.2M | n/a | |
| Net cash flow | $2.0M | n/a | |
| Expense ratio | 24.7% | n/a |
From the servicer's Schedule AL report; 191,131 sq ft.
Largest tenants
| Tenant | Sq ft | Share of building | Lease ends |
|---|---|---|---|
| Academy Sports + Outdoors | 45,182 | 24% | Mar 2035 |
| Michaels | 21,574 | 11% | Feb 2032 |
| Burlington | 18,500 | 10% | Feb 2036 |
Red: the lease ends before the loan matures.
Refinance and early payoff, at today's rates
This estimate uses today's Treasury curve and needs JavaScript.
Rough estimates, not quotes. New loan: the filed NOI divided by the coverage you set, at the Treasury yield for the term plus your spread. Early payoff: the present value of the remaining scheduled payments to the open date at today's Treasury yields, less the balance, which is roughly what defeasance or yield maintenance costs. Loan documents, fees and the securities bought change the real number. Treasury yields: U.S. Treasury daily par curve.
Where the loan sits
One trust holds this loan in the data.
| Trust | Asset no. in that trust | Balance | Report period | Source |
|---|---|---|---|---|
| Benchmark 2026-V24 Mortgage Trust | 11 | $18,900,000 | Nov 2026 | SEC filing, October 26, 2026 |
Source: each trust's ABS-EE asset-data exhibit (Regulation AB Schedule AL) on SEC EDGAR, reporting period ending November 12, 2026. Servicers report these figures; cmbs.news does not audit them. How this page is built.