Texas Roadhouse
For Sale
Contact for pricing
2005 N Roan St, Johnson City, TN 37601
Texas Roadhouse is a 2021-built, 7,999 SF restaurant with 12.4 years remaining and periodic rent bumps.
Property Size7,999 SF
Price / SF$477.91
Days on Market13
Property Features for 2005 N Roan St
General Information
Standard status
Active
Size
7,999 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Year Built
2021
Listing Agency:
CBRE - Oak Brook
Listed By:
Keegan Barrett · License #475190002
Source:
Crexi
Added: Jul 20
Changed: Jul 30
Last Checked: Jul 31 at 11:36AM
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 CBRE - Oak Brook
Investment Insights
Based on property information with market context.
Texas Roadhouse Restaurant is offered as a 100% fee interest. The property totals 7,999 SF and was built in 2021. It is currently occupied by the national tenant Texas Roadhouse.
The restaurant is positioned along a major arterial road with visibility and access, and it is adjacent to The Mall at Johnson City. The Mall at Johnson City reportedly recorded over 6.32M visits in 2025, supporting strong customer draw for the surrounding corridor.
The existing lease provides 12.4 years and includes 10% rent bumps every 5 years, offering long-term occupancy under a durable casual-dining operator.
The restaurant is positioned along a major arterial road with visibility and access, and it is adjacent to The Mall at Johnson City. The Mall at Johnson City reportedly recorded over 6.32M visits in 2025, supporting strong customer draw for the surrounding corridor.
The existing lease provides 12.4 years and includes 10% rent bumps every 5 years, offering long-term occupancy under a durable casual-dining operator.
Key Highlights
- 7,999 SF Texas Roadhouse restaurant built in 2021
- Offered as a 100% fee interest
- Adjacent to The Mall at Johnson City
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $184.3k | $23.04 |
| − Vacancy | −$7.4k | −$0.92 |
| EGI | $176.9k | $22.12 |
| − OpEx | −$44.2k | −$5.53 |
| NOI | $132.7k | $16.59 |
7,999 SF · lease $23.04/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,694 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.37M
$2.95M – $3.94M
NOI $236,130 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,703
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 44%
Renasant Bank
Shops & Services
10,280 visits/mo
0.1 miles
Wild Wing Cafe
Dining
8,911 visits/mo
0.2 miles
Napa Auto Parts
Shops & Services
1,157 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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Texas Roadhouse is a 2021-built, 7,999 SF restaurant with 12.4 years remaining and periodic rent bumps.
Where is this conventional restaurant located?
The property is located at 2005 N Roan St Johnson City, TN.
What is the asking price?
The asking price for this property is $3,822,840.
What are key features of this property?
This property features: 7,999 SF Texas Roadhouse restaurant built in 2021; Offered as a 100% fee interest; Adjacent to The Mall at Johnson City
