Log In/Sign Up
Your email has been sent.
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



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
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $933,888 CAD | |
| Land Assessment | $349,538 CAD | Total Assessment | $1,283,426 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$349,538 CAD
Improvements Assessment
$933,888 CAD
Total Assessment
$1,283,426 CAD
1 of 10
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Central Shopping Center | 1103-1115 N Roan St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
