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Chipotle and Chicken Salad Chick 2013 N Roan St 5,157 SF 100% Leased Retail Building Johnson City, TN 37601 $4,939,546 CAD ($957.83 CAD/SF) 6% Cap Rate

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Investment Highlights

100% Occupied by National Tenants Resulting in a Durable Income Stream
New Construction with Minimal Landlord Responsibilities | Zero CAM Responsibilities
Impressive Placer.ai Rankings with Limited Chain Competition

Below Market Rents – Well Below Replacement Costs
Both Tenants have a Drive-Thru
Shadow – Anchored by Super-Regional Mall

Executive Summary

CBRE is pleased to present as the exclusive advisor the opportunity to acquire 100% fee interest in a 5,157 SF strip center located in Johnson City, Tennessee. The Property is ideally positioned along a major arterial road with excellent visibility and access, ensuring high volumes of customer traffic. The asset is adjacent to the Mall at Johnson City, the #1 ranked mall within a 50-mile radius. The Mall at Johnson City serves as an excellent shadow-anchor for the Property and surrounding corridor, as the mall experienced over 6.32M visits in 2025, demonstrating its ability to attract customers from a wide trade area.
The Property is currently 100% occupied by high-performing national tenants, Chipotle and Chicken Salad Chick, each proven to be incredibly resilient in the fast casual sector. The Property contains an excellent WALT of 5.33 years, highlighting the durable income and long-term stability of the asset. For qualified investors, the Johnson City - Outlot proves to be a high-quality asset with durable income, outstanding tenant performance, and a prime location near a thriving super-regional mall with nearby regional access and connectivity.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Storefront

Building Size

5,157 SF

Building Class

Year Built

2021

Price

$4,939,546 CAD

Price Per SF

$957.83 CAD

Cap Rate

NOI

$296,373 CAD

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.08

Lot Size

1.55 AC

Zoning

B-4 - B-4, Arterial Business District

Parking

83 Spaces (16.09 Spaces per 1,000 SF Leased)

Pylon Sign
Signage

Signalized Intersection

Drive Thru

Air Conditioning

Major Tenants

Accommodation and Food Services
2,800 SF
-
Jan 2032

Chicken Salad Chick began in Auburn, Alabama, where Stacy Brown started making chicken salad in her home kitchen and later opened the first restaurant in 2008. The company expanded into franchising in 2012 and built its menu around made-from-scratch chicken salad, sandwiches, fresh sides, gourmet soups, and desserts. Chicken Salad Chick has grown into a multi-state fast-casual chain with a broad franchise network and a menu centered on Southern-style comfort food.

Accommodation and Food Services
2,357 SF
-
Jan 2032

Chipotle Mexican Grill began in 1993 with a first restaurant built around made-to-order Mexican-inspired food. The company operates as a fast-casual restaurant business focused on burritos, bowls, quesadillas, tacos, salads, catering, digital ordering, and rewards. Chipotle emphasizes real ingredients, responsible sourcing, and sustainability across food and animals, people, and the environment, with a market presence that extends beyond the United States.