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2013 N Roan St
Johnson City, TN 37601
Chipotle and Chicken Salad Chick · Retail Property For Sale
Investment Highlights
- 100% Occupied by National Tenants Resulting in a Durable Income Stream
- New Construction with Minimal Landlord Responsibilities | Zero CAM Responsibilities
- Impressive Placer.ai Rankings with Limited Chain Competition
- Below Market Rents – Well Below Replacement Costs
- Both Tenants have a Drive-Thru
- Shadow – Anchored by Super-Regional Mall
Executive Summary
CBRE is pleased to present as the exclusive advisor the opportunity to acquire 100% fee interest in a 5,157 SF strip center located in Johnson City, Tennessee. The Property is ideally positioned along a major arterial road with excellent visibility and access, ensuring high volumes of customer traffic. The asset is adjacent to the Mall at Johnson City, the #1 ranked mall within a 50-mile radius. The Mall at Johnson City serves as an excellent shadow-anchor for the Property and surrounding corridor, as the mall experienced over 6.32M visits in 2025, demonstrating its ability to attract customers from a wide trade area.
The Property is currently 100% occupied by high-performing national tenants, Chipotle and Chicken Salad Chick, each proven to be incredibly resilient in the fast casual sector. The Property contains an excellent WALT of 5.33 years, highlighting the durable income and long-term stability of the asset. For qualified investors, the Johnson City - Outlot proves to be a high-quality asset with durable income, outstanding tenant performance, and a prime location near a thriving super-regional mall with nearby regional access and connectivity.
The Property is currently 100% occupied by high-performing national tenants, Chipotle and Chicken Salad Chick, each proven to be incredibly resilient in the fast casual sector. The Property contains an excellent WALT of 5.33 years, highlighting the durable income and long-term stability of the asset. For qualified investors, the Johnson City - Outlot proves to be a high-quality asset with durable income, outstanding tenant performance, and a prime location near a thriving super-regional mall with nearby regional access and connectivity.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,157 SF
Building Class
B
Year Built
2021
Price
$3,582,133
Price Per SF
$694.62
Cap Rate
6%
NOI
$214,928
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.08
Lot Size
1.55 AC
Zoning
B-4 - B-4, Arterial Business District
Parking
83 Spaces (16.09 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 038P-F-008.00 | Improvements Assessment | $2,448,040 |
| Land Assessment | $1,951,960 | Total Assessment | $4,400,000 |
Property Taxes
Parcel Number
038P-F-008.00
Land Assessment
$1,951,960
Improvements Assessment
$2,448,040
Total Assessment
$4,400,000
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