8.50 Cap Tax Free State Walgreens 4210 N Roan St 14,820 SF Retail Building Johnson City, TN 37601 $5,566,110 CAD ($375.58 CAD/SF) 8.50% Cap Rate

Colliers is pleased to present a premier retail investment opportunity located at 4210 N. Roan Street, Johnson City, Tennessee. This property represents a dominant drugstore asset with over 8.5 years of firm lease term remaining, perfectly positioned to thrive in a rapidly growing trade area.
Situated on a signalized hard corner at the intersection of N. Roan Street and Carroll Creek Road, this 14,820 SF single-tenant retail building commands a strategic presence in North Johnson City’s bustling retail corridor. The surrounding area is a vibrant hub of activity, featuring major retailers such as Food City, Dollar General, Hardee’s, O’Reilly Auto Parts, and McDonald’s, ensuring consistent consumer traffic and long term viability.
The property sits on a generous 2.04-acre lot, offering a modern design with a convenient drive-thru and 55 parking spaces (3.73/1,000 SF ratio). Built in 2008, this Class B asset boasts 161 feet of frontage along Carroll Creek Road, enhancing accessibility and visibility. The absolute NNN lease structure, with zero landlord responsibilities, delivers a hands-off investment with an annual rent of $342,000, providing stability and ease of ownership.
Located in a state with no income tax, this opportunity is further enhanced by Tennessee’s favorable tax climate. With its proximity to major retail centers like Walmart, Target, and Johnson City Crossings, and supported by a growing population and a robust local economy driven by East Tennessee State University and the “Med-Tech” corridor, this property is poised to remain a cornerstone of the community for years to come.