Absolute NNN Retail
For Sale
Contact for pricing
4210 N Roan St, Johnson City, TN 37601
For sale absolute NNN retail property with 14,744 square feet under a long-term lease structure.
Property Size14,744 SF
Price / SF$268.16
Days on Market150
Property Features for 4210 N Roan St
General Information
Standard status
Active
Size
14,744 SF
Property subtype
RETAIL
Lease Type
NNN
Listing Agency:
Colliers | Fort Lauderdale
(954) 652-4600
Listed By:
Christopher Twist
(561) 602-8390
Source:
Moodyscre
Added: Apr 17
Changed: Aug 14
Last Checked: Sep 12 at 10:14AM
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 Colliers | Fort Lauderdale
Investment Insights
Based on property information with market context.
This for-sale retail investment is offered as an absolute NNN lease. The property comprises 14,744 square feet and is presented for long-term stability under the stated lease structure.
The asset is located at 4210 N Roan St in Johnson City, Tennessee. The listing describes it as positioned within a thriving trade area.
The offering is marketed as an NNN structure with long-term lease security, with the stated focus on stability for an income-oriented buyer. Property-level financial terms beyond the “absolute NNN” characterization were not provided in the information received.
The asset is located at 4210 N Roan St in Johnson City, Tennessee. The listing describes it as positioned within a thriving trade area.
The offering is marketed as an NNN structure with long-term lease security, with the stated focus on stability for an income-oriented buyer. Property-level financial terms beyond the “absolute NNN” characterization were not provided in the information received.
Key Highlights
- Absolute NNN retail property for sale
- 14,744 SF under a long‑term lease structure
- Tennessee tax advantage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$230,657
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,613,140
$4.6M
Cap Rate 7%
$3,295,100
$3.3M
Cap Rate 9%
$2,562,856
$2.6M
Market Conditions
NOI Build-Up for 14,744 SF
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.
Gross rent
$339.7K $23.04/SF
− Vacancy
−$10.2K −$0.69/SF
EGI
$329.5K $22.35/SF
− OpEx
−$98.9K −$6.70/SF
NOI
$230.7K $15.64/SF
Area
Washington County, TN
Vacancy
3.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,613,140
Cap Rate 7%
$3,295,100
Cap Rate 9%
$2,562,856
Alternative Uses
Best Use
Retail
$3.30M
$2.88M – $3.84M
NOI $230,657 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.22M
$5.44M – $7.25M
NOI $435,243 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Food City
Groceries
23,442 visits/mo
0.1 miles
Ingles
Groceries
23,071 visits/mo
0.5 miles
Aldi
Groceries
14,206 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - For sale absolute NNN retail property with 14,744 square feet under a long-term lease structure.
Where is this nnn property located?
The property is located at 4210 N Roan St Johnson City, TN.
What is the asking price?
The asking price for this property is $3,953,757.
What are key features of this property?
This property features: Absolute NNN retail property for sale; 14,744 SF under a long‑term lease structure; Tennessee tax advantage
