Two Fazolis Restaurant
For Sale
Contact for pricing
1916 N Roan St, Johnson City, TN 37601
Portfolio includes two franchised Fazolis restaurants with distinct ownership structures in Kingsport and Johnson City.
Property SizeContact for details
Days on Market136
Property Features for 1916 N Roan St
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Business Included
Yes
Highway Access
Yes
Listing Agency:
TCI Group – Jerry Petzoldt Agency LLC
Listed By:
Jerry Petzoldt · License #VA
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 22 at 5:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCI Group – Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
This offering is a portfolio of two franchised Fazolis restaurants established in 1994 (Kingsport) and 1996 (Johnson City). The Kingsport location is on an open-mall one-acre pad site under a sub-ground lease structure with approximately five years remaining, and preliminary negotiations indicate a 10-year extension may be available to be negotiated by a new Fazolis owner. The Johnson City location opened two years later on a fee simple owned site across from the Johnson City Mall.
Both restaurants are owned by Jackpot Corporation and entrepreneur Helen Ying King So, who has been the sole owner and operator for these stores. Gross sales for 2021 were $1.9 million for Johnson City and $2.1 million for Kingsport. The properties are being offered for sale due to retirement from the restaurant business. Sale to a qualified operator, owner, or investor is subject to approval by the owner and Fazolis Corporation, which has a first option to purchase once an agreement to purchase has been confirmed.
Both restaurants are owned by Jackpot Corporation and entrepreneur Helen Ying King So, who has been the sole owner and operator for these stores. Gross sales for 2021 were $1.9 million for Johnson City and $2.1 million for Kingsport. The properties are being offered for sale due to retirement from the restaurant business. Sale to a qualified operator, owner, or investor is subject to approval by the owner and Fazolis Corporation, which has a first option to purchase once an agreement to purchase has been confirmed.
Key Highlights
- Portfolio of two franchised Fazolis restaurants established in 1994 (Kingsport) and 1996 (Johnson City)
- Kingsport location on an open‑mall one‑acre pad site with a sub‑ground lease and approximately 5 years remaining
- Kingsport restaurant site includes an estimated 10‑year extension option available for the new owner to negotiate
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
806
Businesses Nearby
890k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Apparel 25%
Shops & Services 16%
Superstores 12%
Target
Superstores
109,105 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
70,504 visits/mo
0.2 miles
T.J. Maxx
Apparel
54,967 visits/mo
0.3 miles
JCPenney
Apparel
45,038 visits/mo
0.1 miles
Gabe's
Shops & Services
43,664 visits/mo
0.5 miles
Demographics for 37601, TN
37,079
Population
18,153
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
47.7 sq mi
ZIP Area
777
Density / Sq Mi
$49,658
Median Household Income
$32,312
Median Earnings
$892
Median Rent
$187,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Portfolio includes two franchised Fazolis restaurants with distinct ownership structures in Kingsport and Johnson City.
Where is this conventional restaurant located?
The property is located at 1916 N Roan St Johnson City, TN.
What are key features of this property?
This property features: Portfolio of two franchised Fazolis restaurants established in 1994 (Kingsport) and 1996 (Johnson City); Kingsport location on an open‑mall one‑acre pad site with a sub‑ground lease and approximately 5 years remaining; Kingsport restaurant site includes an estimated 10‑year extension option available for the new owner to negotiate
