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Central Shopping Center 1103-1115 N Roan St 28,900 sq ft 100% Let Retail Property Johnson City, TN 37601 £1,018,779 (£35.25/sq ft) 7.57% Net Initial Yield



INVESTMENT HIGHLIGHTS
- .3 Acre Outparcel included
- Long term grocery anchor
- 2 Shops currently rented below market
EXECUTIVE SUMMARY
BIG PRICE REDUCTION on Central Shopping Center, a premier stabilized investment opportunity located at 1100 North Roan, Johnson City, TN 37601. This 28,900 SF center is home to Grocery Outlet (Nasdaq: GO), attracting a consistent flow of repeat customers and offering 90% long-term tenants. Boasting a high visibility location, this property presents a chance to capitalize on Johnson City's rapid growth with proven upside potential. Included in the purchase is a .3 acre undeveloped outparcel. With GO already paying percentage rent, there's further opportunity to increase some shop rents, enhancing returns in a thriving retail market. The property's appeal lies in its 100 % stabilized occupancy, diversified tenant mix and proven track record of income stability. Don't miss out on securing this asset in a high-demand market with limited competition. Central Shopping Center presents a reliable investment with the potential for sustained growth.
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PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Property Size
28,900 sq ft
Costar Property Class
C
Year Built
1967
Price
£1,018,779
Price per sq ft
£35.25
Yield
7.57%
NOI
£77,131
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.21
Total Plot Size
3.15 ac
Opportunity Zone
Yes
Frontage
319 ft on N Roan
AMENITIES
- Corner Lot
- Pylon Sign
- Signalised Intersection
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £490,703 | |
| Land Assessment | £183,662 | Total Assessment | £674,365 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£183,662
Improvements Assessment
£490,703
Total Assessment
£674,365
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Central Shopping Center | 1103-1115 N Roan St
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