4709 Roan StJohnson City, TN 37615

Property Details for 4709 Roan St

Year built

2024

Lot size

0.58 AC

Property size (Sq ft)

664 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a brand-new Scooter's Coffee location in Johnson City, Tennessee. Built in 2024, this 664 square foot, single-story building sits on a 0.582-acre lot at 4709 N Roan St, 37615, and is currently operating at 100% occupancy under a 15-year absolute triple-net (NNN) lease with a franchisee tenant. The lease includes 1.5% annual rental increases and four 5-year options, ensuring long-term, stable income. The property boasts a strong NOI of $97,500, translating to a 6.70% cap rate and a price per square foot of $2,191.60. The asking price is $1,455,223. This is a hands-off investment with zero landlord responsibilities; the tenant covers all taxes, insurance, and maintenance. Located in the Tri-Cities region, known for its high household incomes (exceeding $96,000 annually) and population growth exceeding 1.25% annually, this property benefits from a thriving market and a rapidly expanding coffee chain with over 800 locations nationwide. The lease is guaranteed by a multi-unit franchisee with plans for further expansion, indicating strong future potential. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a desirable location with significant growth prospects. The property offers a tax-free income stream in Tennessee.

Location Insight

City

Johnson City

County

Washington

State

Tennessee

Latitude

36.3912

Longitude

-82.4112

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