List Search

4210 N Roan St
Johnson City, TN 37601

$3,909,000 USD

Drugstore For Sale  •  14,820 SF

Property Details

  • Property Type Drugstore
  • Total Building Size 14,820 SF
  • Lot Size 1.93 AC
  • Building Class B
  • Year Built 2008
  • Cap Rate 8.75 %
  • Tenancy Single
  • Zoning C08
40 Walk Score

Highlights

?Low-rent location, creating a strong likelihood that it will waive its September 2033 termination option.
Occupies an irreplaceable 1.93-acre retail site with a low 0.17 FAR in a dense national retail corridor.
?Signalized hard-corner location features a drive-thru, excellent access and visibility, and close proximity to I-26, which carries more than 46,000 V
?Benefits from ideal demographics and strong real estate fundamentals, including an affluent surrounding population with an average household income o
Attractive Triple Net (NNN) Lease provides zero landlord responsibilities and generates $342,000 in annual NOI.
?Strategic covered-land investment includes 1.93 acres of commercial land with long-term income in a dense retail corridor.
Cap Rate: 8.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Walgreens 14,820 SF

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Tri-Cities 15 min - 8.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 55
Type: Surface
Included in Rent: Yes
Ben Kohl 202-573-2148 Sands Investment Group
Ben Kohl 202-573-2148 Sands Investment Group