This Retail Property is Off-Market.

2506 South Roan Street
Johnson City, TN 37601 ·

56,958 SF · Retail For Sale

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South Roan Center

Price N/A Cap Rate 11.26%
Gross Leasable Area 56,958 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 1977
Property Use Type Investment Lot Size 10.70 AC
Listing ID: 15009249 Date Created: 02/19/2007 Last Updated: 07/19/2011

Description

Center sits on 10.7+/- acres. AS of January 1, 2011 Family Dollar renewed their lease. Other tenants include: LaPerla Mexican Restaurant, South Roan Video & Pawn, Boone Trail Outreach. Discount Tobacco in free standing bldg. Center Updates total approx $300,000 over the past 4 years. 305 parking spaces ...with 2 acres of unused land for add'l parking spaces totaling up to 440+/- spaces if needed. Current Income / Expenses available with signed confidentiality agreement.

Exit 24 off I-26 Left toward Hwy 36 / S Roan Street. Left on Hwy. 36/ S. Roan. Property is approximately 2 miles on right.

Highlights

  • Family Dollar renewed Jan 1, 2011
  • Property values in this area are stable to rising
  • Center Updates total approximately $300,000 over the past 4 years.
  • Within 2.5 miles of I-26
  • Discount Tobacco in FREE STANDING

Research

2506 South Roan Street, Johnson City, TN 37601 (Washington County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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