3023 Peoples St
Johnson City, TN 37604
Guitar Center · Retail Property For Sale

The subject property is prominently situated with excellent access and visibility within a dense retail hub adjacent to the junction of James H Quillen Parkway/I-26 (37,480 AADT) and N State of Franklin Road/TN-381 (24,660 AADT). The site benefits from robust demographics with a total daytime population of 96,147 within a five mile radius. Average household income within one mile of the site exceeds $91,675, and the annual population growth rate within that radius is 1.10%. The area benefits from robust employment and educational attainment within one mile of the site, with an unemployment rate of only 1.9% and approximately 55% of the population having earned a Bachelor’s degree or higher, nearly twice the national average. The property benefits from excellent co-tenancy within a growing shopping center adjacent to a new Hobby Lobby, Guitar Center, and Holston Medical Group medical office. Major shopping centers neighboring the site include Johnson City Crossing, with tenants including Natural Foods Market, Best Buy, The Home Depot, PetSmart, & Ross; Hamilton Place, anchored by Academy Sports & Outdoors; Johnson City Marketplace, featuring Lowe’s, Kirkland’s, & Kohl’s as tenants; Johnson City Plaza Shopping Center, anchored by Target & T.J. Maxx; Shops at Franklin, anchored by Walmart Supercenter; Creekside Shopping Center, anchored by Food Lion; Ken’s Plaza Shopping Center, featuring Big Lots and Tuesday Morning; Sunset Shopping Center, anchored by Walgreens; The Mall at Johnson City, anchored by Belk; and more. Major retail tenants in the area surrounding the site include Sam’s Club, Kroger, Food City, CVS, Dollar Tree, Ashley Homestore, and more. The property is located approximately 3.5 miles from East Tennessee State University, with a student body of approximately 15,000 and staff of nearly 2,500. The property is also located in close proximity to numerous major medical centers: less than 1.5 miles from Franklin Woods Community Hospital, a 111-bed hospital; approximately 3 miles from Johnson City Medical Center, a 526-bed hospital and Level I Trauma Center affiliated with East Tennessee State University and home to the only Children’s hospital in the region; and approximately 3.25 miles from James H. Quillen VA Medical Center, the city’s third-largest employer with a staff of 2,400 and one of only four VA medical centers statewide. This property is listed in conjunction with Tennessee-licensed real estate broker Kabat Real Estate Solutions.