4210 N Roan St - Drug Store FOR SALE


Johnson City, TN 37601
$3,909,000 USD
202-573-2148
4210 N Roan St, Johnson City, TN for Sale
$3,909,000 USD
Drug Store - FOR SALE
1/5
null | 8.75% Cap Rate

4210 N Roan St
Johnson City, TN 37601


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.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 14,820 SF Walgreens located at 4210 N Roan Street in Johnson City, TN.? This offering presents an attractive opportunity to acquire a high-yield Walgreens investment featuring an 8.75% CAP Rate and an Absolute Triple Net (NNN) Lease with ~7 years until the termination option and ~57 years remaining until expiration.? The lease provides zero landlord responsibilities while generating a strong $342,000 annual NOI, offering investors durable cash flow, minimal management obligations, and an attractive risk-adjusted return.? In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394

FOR SALE DETAILS

PRICE

$3,909,000 USD

PRICE/SF

$264 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens - Johnson City, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

C08

APN/PARCEL ID

029F-C-041.00

ASK ABOUT THIS PROPERTY

Ben KohlSands Investment GroupMore Info
202-573-2148

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Ben KohlSands Investment GroupMore Info
202-573-2148

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