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4210 N Roan St
Johnson City, TN 37601
Walgreens - Johnson City, TN · Retail Property For Sale
Investment Highlights
- ?Low-rent location, creating a strong likelihood that it will waive its September 2033 termination option.
- ?Signalized hard-corner location features a drive-thru, excellent access and visibility, and close proximity to I-26, which carries more than 46,000 V
- Attractive Triple Net (NNN) Lease provides zero landlord responsibilities and generates $342,000 in annual NOI.
- Occupies an irreplaceable 1.93-acre retail site with a low 0.17 FAR in a dense national retail corridor.
- ?Benefits from ideal demographics and strong real estate fundamentals, including an affluent surrounding population with an average household income o
- ?Strategic covered-land investment includes 1.93 acres of commercial land with long-term income in a dense retail corridor.
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 14,820 SF Walgreens located at 4210 N Roan Street in Johnson City, TN.? This offering presents an attractive opportunity to acquire a high-yield Walgreens investment featuring an 8.75% CAP Rate and an Absolute Triple Net (NNN) Lease with ~7 years until the termination option and ~57 years remaining until expiration.? The lease provides zero landlord responsibilities while generating a strong $342,000 annual NOI, offering investors durable cash flow, minimal management obligations, and an attractive risk-adjusted return.?
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
In Cooperation With Sands Investment Group Tennessee, LLC - Lic. #263973 BoR: Tom Gorman - Lic. TN #370394
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
14,820 SF
Building Class
B
Year Built
2008
Price
$5,433,471 CAD
Price Per SF
$366.63 CAD
Cap Rate
8.75%
NOI
$475,377 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.93 AC
Zoning
C08 - Commercial
Parking
55 Spaces (3.71 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 029F-C-041.00 | Improvements Assessment | $717,791 CAD |
| Land Assessment | $347,331 CAD | Total Assessment | $1,065,122 CAD |
Property Taxes
Parcel Number
029F-C-041.00
Land Assessment
$347,331 CAD
Improvements Assessment
$717,791 CAD
Total Assessment
$1,065,122 CAD
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