149 Fitness Way
Johnson City, TN 37604
Verizon Wireless · Retail Property For Sale

A high-visibility, single-tenant retail asset leased to Cellco Partnership d/b/a Verizon under a corporate NN lease. Positioned just south of I-26 in one of Johnson City’s strongest retail corridors, the property sits directly in front of Lowe’s and Kohl’s, with Johnson City Crossing and Home Depot directly across the street.
This 4,500 SF freestanding building was constructed in 2006 and benefits from Verizon’s recent lease extension, with the current term running from August 1, 2026 through July 31, 2031. The lease features no remaining options, creating a defined income stream at $213,345 annually. Offered at $3,555,750, the asset represents a 6.00% cap rate. Surrounded by major retailers, regional banks, medical centers, and hospitals, the site enjoys excellent traffic, strong consumer draw, and convenient access to the broader Tri-Cities region. Johnson City is a growing economic hub in Northeast Tennessee, supported by healthcare, education, manufacturing, and a population base that continues to expand—making this an attractive, investment-grade net lease opportunity in a proven retail location.