1103-1115 N Roan St - Supermarket FOR SALE


Johnson City, TN 37601- Downtown Johnson City
$1,500,000 USD
423-677-8494
1103-1115 N Roan St, Johnson City, TN for Sale
$1,500,000 USD
Supermarket - FOR SALE
1/9
null | 6.94% Cap Rate

1103-1115 N Roan St
Johnson City, TN 37601
Downtown Johnson City


HIGHLIGHTS

  • .3 Acre Outparcel included
  • 2 Shops currently rented below market
  • Long term grocery anchor

OVERVIEW

Introducing Central Shopping Center, a premier investment opportunity located at 1100 North Roan, Johnson City, TN 37601. This 28,900 SF center is home to Grocery Outlet (Nasdaq: GO), attracting a consistent flow of repeat customers and offering 90% long-term tenants. Boasting a high visibility location, this property presents a chance to capitalize on Johnson City's rapid growth with proven upside potential. Included in the purchase is a .3 acre undeveloped outparcel. With GO already paying percentage rent, there's further opportunity to increase shop rents, enhancing returns in a thriving retail market. The property's appeal lies in its diverse tenant mix and proven track record of income stability. Don't miss out on securing this asset in a high-demand market with limited competition. Central Shopping Center presents a reliable investment with the potential for sustained growth.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$30 USD /SF

CAP RATE

6.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.15 AC

LAND SF

137,214 SF

ZONING

-

APN/PARCEL ID

046K-B-022.00,046K-B-023.00

ASK ABOUT THIS PROPERTY

Michael GreenGreen Commercial RealtyMore Info
423-677-8494

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Michael GreenGreen Commercial RealtyMore Info
423-677-8494

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.