Triple-Net Retail
For Sale
Contact for pricing
3201 Peoples St, Johnson City, TN 37604
Triple-net leased storefront with 26+ years remaining and scheduled 7.5% rental increases every five years.
Property Size3,120 SF
Price / SF$850.32
Days on Market509
Property Features for 3201 Peoples St
General Information
Standard status
Active
Size
3,120 SF
Property subtype
RETAIL
Site & Location
Traffic Count
184,086 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Marcus & Millichap | Phoenix
(602) 770-2935
Listed By:
Mark Ruble · License #(S):AZ:SA550593000,NV:S.0192964
(602) 770-2935
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Jul 29
Last Checked: Aug 10 at 3:02AM
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 Marcus & Millichap | Phoenix
Investment Insights
Based on property information with market context.
This triple-net retail storefront is offered for sale as an absolute NNN investment, with over 26 years remaining on the lease term. The lease includes 7.5% rental increases every five years throughout the term and during option periods.
The property is positioned in the Johnson City MSA on Peoples St, directly connected to N State of Franklin Rd and I-26 / U.S. Rte 23 / James H Quillen Pkwy. The remarks cite 184,086 combined cars per day along this corridor, supporting strong day-to-day accessibility.
It is also described as being about 10 minutes from East Tennessee State University, with 15,250 students annually, and within a ten-mile radius of 158,787 residents. Additional retail activity nearby includes Johnson City Crossing and The Mall at Johnson City.
The property is positioned in the Johnson City MSA on Peoples St, directly connected to N State of Franklin Rd and I-26 / U.S. Rte 23 / James H Quillen Pkwy. The remarks cite 184,086 combined cars per day along this corridor, supporting strong day-to-day accessibility.
It is also described as being about 10 minutes from East Tennessee State University, with 15,250 students annually, and within a ten-mile radius of 158,787 residents. Additional retail activity nearby includes Johnson City Crossing and The Mall at Johnson City.
Key Highlights
- Absolute triple‑net (NNN) leased storefront with 26+ years remaining on the lease term
- Scheduled 7.5% rental increases every five years throughout the lease term and option periods
- Located on Peoples St with direct access to N State of Franklin Rd and I‑26 / U.S. Rte 23 / James H Quillen Pkwy (184,086 combined cars per day)
Property Analytics
Property Profile
Current Use
Lease Details
184,086 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
723k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Dining 26%
Superstores 19%
Home Improvements & Furnishings 8%
Sam's Club
Superstores
133,967 visits/mo
0.4 miles
Chick-fil-A
Dining
66,738 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
55,283 visits/mo
0.2 miles
Five Below
Shops & Services
48,244 visits/mo
0.5 miles
Best Buy
Electronics
36,754 visits/mo
0.2 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?
NNN property - Triple-net leased storefront with 26+ years remaining and scheduled 7.5% rental increases every five years.
Where is this nnn property located?
The property is located at 3201 Peoples St Johnson City, TN.
What is the asking price?
The asking price for this property is $2,653,000.
What are key features of this property?
This property features: Absolute triple‑net (NNN) leased storefront with 26+ years remaining on the lease term; Scheduled 7.5% rental increases every five years throughout the lease term and option periods; Located on Peoples St with direct access to N State of Franklin Rd and I‑26 / U.S. Rte 23 / James H Quillen Pkwy (184,086 combined cars per day)
