Single-Tenant Retail NNN
For Sale
Contact for pricing
149 Fitness Way, Johnson City, TN 37604
Freestanding Verizon net-lease retail building with a scheduled term through July 31, 2031.
Property Size4,500 SF
Price / SF$790.17
Days on Market92
Property Features for 149 Fitness Way
General Information
Standard status
Active
Size
4,500 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$213,345
Additional Details
Cap Rate
6%
Highway Access
Yes
Building Details
Year Built
2006
Tenancy
Single
Listing Agency:
J.H. Winokur Inc
Listed By:
Jeffrey Winokur · License #NY 31WI0804493
Source:
Crexi
Added: Jun 8
Changed: Sep 4
Last Checked: Sep 7 at 3:23AM
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 J.H. Winokur Inc
Investment Insights
Based on property information with market context.
This freestanding single-tenant retail property is leased to Cellco Partnership d/b/a Verizon under a corporate NNN structure. The building was constructed in 2006 and is currently covered by a lease extension with a term running from August 1, 2026 through July 31, 2031. The lease includes no remaining options, and the reported rent is $213,345 annually.
The asset is positioned just south of I-26 and is described as directly in front of Lowe’s and Kohl’s, with Johnson City Crossing and Home Depot directly across the street, placing it within a major retail corridor.
The offering price is $3,555,750, based on a stated 6.00% cap rate for the leased asset totaling 4,500 SF.
The asset is positioned just south of I-26 and is described as directly in front of Lowe’s and Kohl’s, with Johnson City Crossing and Home Depot directly across the street, placing it within a major retail corridor.
The offering price is $3,555,750, based on a stated 6.00% cap rate for the leased asset totaling 4,500 SF.
Key Highlights
- 4,500 SF freestanding retail building built in 2006
- Single‑tenant Verizon net lease (Cellco Partnership d/b/a Verizon) under a corporate NNN lease
- Lease term runs Aug 1, 2026 through Jul 31, 2031 with no remaining options
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
944
Businesses Nearby
443k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 38%
Shops & Services 26%
Dining 17%
Home Improvements & Furnishings 15%
Academy Sports + Outdoors
Apparel
55,975 visits/mo
0.5 miles
Lowe's
Home Improvements & Furnishings
51,135 visits/mo
0.3 miles
Five Below
Shops & Services
48,244 visits/mo
0.3 miles
Kohl's
Apparel
42,737 visits/mo
0.3 miles
Ross Dress for Less
Apparel
36,444 visits/mo
0.4 miles
Demographics for 37604, TN
37,025
Population
19,334
Households
1.9
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
33.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$49,351
Median Household Income
$31,863
Median Earnings
$950
Median Rent
$231,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Freestanding Verizon net-lease retail building with a scheduled term through July 31, 2031.
Where is this retail space located?
The property is located at 149 Fitness Way Johnson City, TN.
What is the asking price?
The asking price for this property is $3,555,750.
What are key features of this property?
This property features: 4,500 SF freestanding retail building built in 2006; Single‑tenant Verizon net lease (Cellco Partnership d/b/a Verizon) under a corporate NNN lease; Lease term runs Aug 1, 2026 through Jul 31, 2031 with no remaining options
