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4324 Highway 66 S 10,013 SF 100% Leased Retail Building Rogersville, TN 37857 $1,036,162 CAD ($103.48 CAD/SF) 9.62% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 100% leased to four tenants
  • Traffic count of 15,421 ADT
  • Part of Tri-Cities Bristol/Johnson City MSA
  • 10,013 SF property faces Walmart
  • Site has good visibility on Highway 66.

EXECUTIVE SUMMARY

Shops at Rogersville (Leasehold Interest) shopping center faces the only Walmart for 20 miles in any direction.
Ground lease (including options) expires in 2048 and was just extended.
100% leased to 4 Tenants:
American Rental began in 1981, in Bloomington, Indiana. We have grown to include more than 50 store locations throughout Indiana, Kentucky, North Carolina, Tennessee and Virginia. At Advance America, we believe in better. We believe that setbacks are just opportunities for epic comebacks and we want to help make those comebacks happen. That’s why for the past 25+ years, Advance America has worked to become one of the nation’s leading providers of consumer financial services, with online lending and over 900 locations nationwide.
At World Finance, we put people first. We’re not just here to provide the best personal loans and tax services we can. We’re also here to serve our communities and help people thrive. With over 60 years of experience and branches across 16 states, World offers the stability of a large financial company and the trust of a neighborhood lender. Mi Casa
Mexican Restaurant just renewed their lease for another 5 years.
Rogersville is the county of Hawkins County. As of 2000, the population was 53,563. The 2005 Census estimate placed the population at 56,196. The 2010 Census estimate placed the population at 56,833. Hawkins County is part of the Kingsport–Bristol (TN)–Bristol (VA) Metropolitan Statistical Area, which is a component of the Johnson City–Kingsport–Bristol, TN-VA Combined Statistical Area – commonly known as the “Tri-Cities” region. The region’s estimate placed the population at 305,629.

FINANCIAL SUMMARY (ACTUAL - 2023)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,666 $9.95

FINANCIAL SUMMARY (ACTUAL - 2023)

Gross Rental Income (CAD)
Annual -
Annual Per SF -
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual -
Annual Per SF -
Net Operating Income (CAD)
Annual $99,666
Annual Per SF $9.95

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,013 SF
Building Class
B
Year Built
2003
Price
$1,036,162 CAD
Price Per SF
$103.48 CAD
Cap Rate
9.62%
NOI
$99,666 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.04 AC
Zoning
B-4 - Business

NEARBY MAJOR RETAILERS

ColorTyme
Rent-A-Center
First Horizon Bank
Amy's
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
113D-A-001.00
Land Assessment
$267,169 CAD (2025)
Improvements Assessment
$406,045 CAD (2025)
Total Assessment
$673,214 CAD (2025)
  • Listing ID: 31356841

  • Date on Market: 2024-03-28

  • Last Updated:

  • Address: 4324 Highway 66 S, Rogersville, TN 37857

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