4210 Roan St Johnson City, TN 37601

This exceptional investment opportunity presents a 14,820-square-foot Walgreens pharmacy, situated on a 1.93-acre lot in Johnson City, Tennessee. The property boasts a highly desirable absolute NNN lease with Walgreens, a leading national pharmacy chain, ensuring minimal landlord responsibilities. The lease, commencing April 6, 2009, has a remaining term of 59.5 years, extending to April 30, 2084, providing exceptional long-term stability and predictable cash flow. The property's strategic location at the signalized intersection of N Roan Street and Carroll Creek Road offers excellent visibility and accessibility, benefiting from a combined daily traffic count exceeding 20,800 vehicles. The property is surrounded by a robust retail environment, including major national brands such as Walmart, Sam's Club, Home Depot, Lowe's, and numerous other retailers. The asking price is $5,472,000, representing a compelling cap rate of 6.25% and a price per square foot of $369.23. The property generates a net operating income (NOI) of $342,000 annually. The building includes a drive-thru for added convenience. This investment offers a rare opportunity to acquire a high-performing, long-term net lease property with a blue-chip tenant in a thriving retail corridor. The property's strong fundamentals, coupled with the tenant's financial strength and long-term commitment, make this an attractive investment for discerning buyers seeking stable, passive income. The property's address is 4210 N Roan St, Johnson City, TN 37601, and the APN is 090029F C 04100.