4210 N Roan St - Drug Store FOR SALE


Johnson City, TN 37601
$4,885,714 USD
561-602-8390
4210 N Roan St, Johnson City, TN for Sale
$4,885,714 USD
Drug Store - FOR SALE
1/4
null | 7% Cap Rate

4210 N Roan St
Johnson City, TN 37601


HIGHLIGHTS

  • Absolute NNN Lease: With 8.5 years of firm lease term remaining under an absolute NNN lease structure, this property provides a reliable income stream
  • Prime Location in a Thriving Trade Area: Situated at the signalized hard corner of N. Roan Street and Carroll Creek Road.
  • Strategic Positioning in a Growing Market: Located in a key retail development zone along the I-26 corridor.
  • Long-Term Stability: With 8.5 years of firm lease term remaining.
  • Tennessee Tax Advantage: Located in a state with no income tax.
  • Strong Demographics and Economic Growth: Positioned within a 3-mile radius of 23,951 residents and a 10-mile radius of 164,610.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,885,714 USD

PRICE/SF

$330 USD /SF

CAP RATE

7%

% 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

Christopher TwistColliersMore Info
561-602-8390

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Christopher TwistColliersMore Info
561-602-8390

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