Share This Listing

Message

933 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Central Shopping Center 1103-1115 N Roan St 28,900 SF 100% Leased Retail Building Johnson City, TN 37601 $1,902,161 CAD ($65.82 CAD/SF) 7.57% Cap Rate

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

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

EXECUTIVE SUMMARY

BIG PRICE REDUCTION on Central Shopping Center, a premier stabilized 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 some shop rents, enhancing returns in a thriving retail market. The property's appeal lies in its 100 % stabilized occupancy, diversified 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.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
28,900 SF
Building Class
C
Year Built
1967
Price
$1,902,161 CAD
Price Per SF
$65.82 CAD
Cap Rate
7.57%
NOI
$144,011 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
3.15 AC
Opportunity Zone
Yes
Frontage
319’ on N Roan

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signalized Intersection

NEARBY MAJOR RETAILERS

Renasant Bank
Truist
Wild Wing Cafe
Texas Roadhouse
Olive Garden
Bonefish Grill
Smokey Bones
Red Lobster
Five Guys
Fazoli's

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 046K-B-023.00
  • 046K-B-022.00
Land Assessment
$349,538 CAD
Improvements Assessment
$933,888 CAD
Total Assessment
$1,283,426 CAD
  • Listing ID: 36445320

  • Date on Market: 2025-06-26

  • Last Updated:

  • Address: 1103-1115 N Roan St, Johnson City, TN 37601

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}