2306 Browns Mill Rd Johnson City, TN 37604

This property is offered as a ground lease through a sale-leaseback structure commencing at closing, providing zero landlord responsibilities with no maintenance, insurance, or tax obligations. The initial lease term is 15 years with an additional 20 years in option periods, along with 10% rent increases scheduled every five years. The property is located on N Roan St with a traffic count of approximately 22,400 vehicles per day, and has excellent interstate access, situated approximately 0.25 miles from I-26 with a traffic count of approximately 61,700 vehicles per day. It is located in close proximity to retail presences, such as Target, Kroger, TJ Maxx, Chick-fil-A, Starbucks, and the Mall at Johnson City. The tenant, Take 5 Oil Change, operates over 1,100 locations across the U.S. and Canada and is ranked #27 on Entrepreneur’s 2025 Fastest-Growing Franchises list. WSM Ventures, a 2024 Franchisee of the Year nominee and one of the Top 20 Take 5 Oil Change franchisees nationally, currently operates 14 Take 5’s throughout the Southeast and has 5+ years of Take 5 operating experience. The property is located in Johnson City, TN, which was named the #1 U.S. city people want to move to in 2025, according to moveBuddah.