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Swig 2424 N Roan St 2,800 SF Retail Building Johnson City, TN 37601 $2,447,535 CAD ($874.12 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Performance with High Profits
- Tennessee Expansion Pioneer - Record Opening
- Swig's Meteoric Success
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Swig located at 2424 N Roan St, Johnson City, TN 37601. The site consists of roughly 2,800 rentable square feet of building space on an estimated 0.88-acre parcel of land. This Swig is subject to a 20-year Triple Net (NNN) lease, which commenced 1/31/2026 (est.). The current annual rent is $115,000 and has scheduled increases of 3.00% annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,800 SF
Building Class
C
Year Built/Renovated
2017/2025
Price
$2,447,535 CAD
Price Per SF
$874.12 CAD
Cap Rate
6.50%
NOI
$159,090 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.88 AC
Zoning
B-4 - Planned Arterial Business District; Corridor Overlay District
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 038H-C-006.03 | Improvements Assessment | $418,614 CAD |
| Land Assessment | $212,323 CAD | Total Assessment | $630,936 CAD |
PROPERTY TAXES
Parcel Number
038H-C-006.03
Land Assessment
$212,323 CAD
Improvements Assessment
$418,614 CAD
Total Assessment
$630,936 CAD
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Swig | 2424 N Roan St
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