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    3201 Peoples St Johnson City, TN 37604

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    For Sale
    $2,653,000

    Retail property with long-term NNN lease in Johnson City, TN.

    Property size:
    3,120 SF
    Lot size:
    1.85 Acres

    Property Features for 3201 Peoples St

    General Information

    Size
    3,120 SF
    Lot size
    1.85 Acres

    Source: Marcus & Millichap | Phoenix Agent Mark Ruble

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    NNN Lease Retail Investment

    This retail property is centrally located within the Johnson City Metropolitan Statistical Area. The property has over 26 years remaining on an absolute triple-net (NNN) lease. The lease includes rental increases of 7.5% every five years throughout the lease term and in option periods. Situated along Peoples Street, the property is immediately connected to North State of Franklin Road and Interstate 26 / U.S. Route 23 / James H Quillen Parkway, with a combined traffic count of 184,086 cars per day. It is located 10 minutes from East Tennessee State University, which has an annual enrollment of 15,250 students. The property is within a ten-mile radius of 158,787 residents. It is in close proximity to major retail centers, including Johnson City Crossing and The Mall at Johnson City. The location is highly accessible directly off Interstate 26 / U.S. Route 23. The average household income exceeds $105,000 in the immediate area. The property size is 3,120 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Wendy's Fast Food Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Roddy's Flowers, Sam's Club Floral

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.3989689
    Latitude
    36.3492975

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    FAQs

    What type of property is this?
    Storefront property - Retail property with long-term NNN lease in Johnson City, TN.
    Where is this storefront property located?
    The property is located at 3201 Peoples St Johnson City, TN.
    What is the asking price?
    The asking price for this property is $2,653,000.
    What are key features of this property?
    This property features: - Over 26 Years Remaining on Absolute Triple-Net (NNN) Lease; - 7.5% Percent Rental Increases Every Five Years Throughout the Lease Term and in Option Periods; - 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)
    (602) 770-2935
    Request Owner's contact information
    3201 Peoples St Johnson City, TN 37604
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    Johnson City, TN 37604
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3201 Peoples St Johnson City, TN 37604
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