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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

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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

Renasant Bank
Truist
Wild Wing Cafe
Texas Roadhouse
Olive Garden
Bonefish Grill
Smokey Bones
Red Lobster
Five Guys
Fazoli's

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 046K-B-023.00
  • 046K-B-022.00
Land Assessment
£183,662
Improvements Assessment
£490,703
Total Assessment
£674,365
  • Listing ID: 36445320

  • Date on Market: 26/06/2025

  • Last Updated:

  • Address: 1103-1115 N Roan St, Johnson City, TN 37601

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