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3201 Peoples St 3,120 SF Retail Building Johnson City, TN 37604 $2,540,909 ($814.39/SF) 5.50% Cap Rate
Investment Highlights
- 24+ Years of Remaining Term – The lease extends through December 31, 2050, delivering durable, long-term income stability.
- Close Proximity to Major Retail Centers: Johnson City Crossing and The Mall at Johnson City
- Located Along Peoples St, Immediately Connected to N State of Franklin Rd and I-26 / U.S. Rte 23 / James H Quillen Pkwy (184,086 Combined Cars per Day
- Institutional Scale Franchisee – Recently assigned to a 140+ unit Wendy’s operator with over $300M in system-wide revenue, representing a significant
Executive Summary
Broker of Record
Hutt Cooke
License # 263667, 356505 (TN)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 263667, 356505 (TN)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,120 SF
Building Class
B
Year Built
2001
Price
$2,540,909
Price Per SF
$814.39
Cap Rate
5.50%
NOI
$139,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.85 AC
Zoning
CS - Commercial
Parking
48 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
397’ on Peoples St
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 037F-B-012.00 | Improvements Assessment | $247,600 |
| Land Assessment | $350,600 | Total Assessment | $598,200 |
Property Taxes
Parcel Number
037F-B-012.00
Land Assessment
$350,600
Improvements Assessment
$247,600
Total Assessment
$598,200
Contacts
-
Michael Tamir -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
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3201 Peoples St
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