Texas Roadhouse
2005 N Roan St, Johnson City, TN 37601
For Sale
Contact for pricing
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 Market114
Property Features for 2005 N Roan St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Investment Type
Net Operating Income
Additional Details
Road Access
Building Details
Year Built
Units
Tenancy
Listing Agency:
CBRE - Oak Brook
Listed By:
Keegan Barrett · License TN #475190002
Source:
Crexi
Added: Jul 20
Changed: Oct 25
Last Checked: Nov 8 at 8:58AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$132,694
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,653,880
$2.7M
Cap Rate 7%
$1,895,629
$1.9M
Cap Rate 9%
$1,474,378
$1.5M
Market Conditions
NOI Build-Up for 7,999 SF
Gross rent
$184.3K $23.04/SF
− Vacancy
−$7.4K −$0.92/SF
EGI
$176.9K $22.12/SF
− OpEx
−$44.2K −$5.53/SF
NOI
$132.7K $16.59/SF
Area
Washington County, TN
Vacancy
4.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,653,880
Cap Rate 7%
$1,895,629
Cap Rate 9%
$1,474,378
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.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
128k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Groceries 29%
Shops & Services 28%
Hotels & Casinos 1%
Food City
Groceries
27,373 visits/mo
0.2 miles
Burger King
Dining
22,848 visits/mo
0.2 miles
Arby's
Dining
12,049 visits/mo
0.2 miles
Dollar General
Shops & Services
10,790 visits/mo
0.3 miles
Dollar Tree
Shops & Services
10,460 visits/mo
0.1 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
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
