Log In/Sign Up
2102 W Market St
Johnson City, TN 37604
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
3,465 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.87 AC
Frontage
207’ on Market St
About 2102 W MARKET ST , JOHNSON CITY, TN 37604
15-year absolute NNN corporate-leased restaurant, with rent bumps, in a prime location, in Johnson City, Tennessee. Tenant's rent for the 15-year extension was adjusted in exchange for the long-term renewal and tenant's commitment to upgrade the property with substantial improvements. The rent is aligned with current store sales -- which sales should grow with tenant's further investment into the property. This rent adjustment and plan to grow sales enhances the likelihood the landlord will also receive percentage rent over the term of the lease (5% of gross sales over $950,000 break point).
Property Taxes
| Parcel Number | 054A-B-011.06 | Improvements Assessment | $173,240 |
| Land Assessment | $227,560 | Total Assessment | $400,800 |
Property Taxes
Parcel Number
054A-B-011.06
Land Assessment
$227,560
Improvements Assessment
$173,240
Total Assessment
$400,800
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
