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Chipotle and Chicken Salad Chick 2013 N Roan St 5,157 SF 100% Leased Retail Building Johnson City, TN 37601 $3,582,133 ($694.62/SF) 6% Cap Rate
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
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
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- 2,800 SF
- -
- Jan 2032
Chicken Salad Chick began in Auburn, Alabama, where Stacy Brown started making chicken salad in her home kitchen and later opened the first restaurant in 2008. The company expanded into franchising in 2012 and built its menu around made-from-scratch chicken salad, sandwiches, fresh sides, gourmet soups, and desserts. Chicken Salad Chick has grown into a multi-state fast-casual chain with a broad franchise network and a menu centered on Southern-style comfort food.
-
- Accommodation and Food Services
- 2,357 SF
- -
- Jan 2032
Chipotle Mexican Grill began in 1993 as a fast-casual restaurant chain built around burritos and tacos, and the business has grown into a broader Mexican-inspired menu that also includes bowls, quesadillas, and salads. Chipotle Mexican Grill owns and operates restaurants and supports digital ordering, delivery or pickup, catering, group ordering, rewards, and other guest-facing services through its consumer channels. Chipotle Mexican Grill's purpose centers on cultivating a better world, with values tied to real ingredients, responsible sourcing, and an employee culture built around respect and inclusion. The company continues to expand its restaurant footprint, and digital sales remain a meaningful part of revenue.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | 2,800 SF | - | Jan 2032 | ||
|
|
Accommodation and Food Services | 2,357 SF | - | Jan 2032 |
Nearby Major Retailers
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
