4210 N Roan St - Drug Store FOR SALE


Johnson City, TN 37601
$5,472,000 USD
949-903-3399
4210 N Roan St, Johnson City, TN for Sale
$5,472,000 USD
Drug Store - FOR SALE
1/5
null | 6.25% Cap Rate

4210 N Roan St
Johnson City, TN 37601


HIGHLIGHTS

  • Long Term Absolute NNN Corp. Lease by Walgreens (NASDAQ: WBA) - 10+ Yrs. Left plus Options
  • High Profile Signalized Hard Corner - Across from Food City Shopping Center - Dense Retail Trade Area
  • Strong Demographics ($112,606 AHHI) - Zero LL Duties - Drivethru Pharmacy - Large 2.04 Acre Parcel
  • Affluent City Ranked #1 “Best Place to Live in Kingsport Area” - Job Growth Predicted to be over 35.4%
  • 2nd Largest Retail Pharmacy Chain in the Country - Best in Class Brand Name - 12.5K Locations in World

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant NNN leased Walgreens Pharmacy in Johnson City. TN. Walgreens is one of the largest drugstore chains in the U.S. and operates over 9,000 Stores in all 50 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The 75-year corporate guaranteed lease has over 10 firm lease years remaining in the primary term with zero landlord responsibilities and potential for additional percentage rent. The 18,820 SF standalone building with drive-thru on large 1.93-acre parcel is strategically positioned on the hard corner signalized intersection of N Roan Street and Carroll Creek road which have a combined traffic count exceeding 20,800 VPD and prospers from excellent visibility and access. Nearby retailers include Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Hobby Lobby, Food City, Ingles Market, CVS, Dollar General, Express Oil Change, McDonald’s, Starbucks, and Hardees. This is an excellent opportunity to purchase a triple net leased corporate Walgreens in Tennessee with a long-term lease, no landlord duties and strong site fundamentals providing stable cash flows for years to come.

FOR SALE DETAILS

PRICE

$5,472,000 USD

PRICE/SF

$369 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

-

APN/PARCEL ID

029F-C-041.00

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.