101 Jackson Blvd Jonesborough, TN 37659-5120
Property profile & analytics
101 Jackson Blvd, Jonesborough, TN 37659-5120
- Grocery and convenience stores
- 4,560 SF
- 109.00 lot acres
Property ID
US80-0811945
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Subway / Take-out & Catering
- bp / Gas Station
- AAA Bail Bonding - Washington, Unicoi County, TN / Law Firm
- Roadrunner Market, store 6023 / Grocery & Convenience Store
- ATM / Atm
Property Details for 101 Jackson Blvd
- Year built
- 2010
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 109.00 lot acres
- Zone code
- B3
- Property type
- Grocery and convenience stores
- APN
- 052P B 01800
- APU
- 052PB01800
Description
This exceptional investment opportunity presents a fee-simple ownership of a 5,060-square-foot convenience store and gas station located at 101 E Jackson Blvd, Jonesborough, TN 37659. The property sits on a 0.59-acre lot, enjoys a hard corner location with excellent visibility and access, and benefits from its position in front of the Washington County Court and a strip mall (Fox Plaza), resulting in high daily traffic volume (60,000 vehicles per day). The property features a 15-year absolute NNN lease with GPM Investments (S&P: B+), a nationally recognized brand with over 3,200 units, providing a strong corporate guaranty. The lease commenced May 1, 2022, and expires April 30, 2037, leaving approximately 12.4 years remaining. The lease includes 10% rent bumps every five years, ensuring consistent income growth. The asking price is $3,156,000, representing a 6.00% cap rate and a net operating income (NOI) of $189,345. The building was renovated in 2010. This is a management-free investment ideal for passive investors, particularly those seeking opportunities in a state with no state income tax. The tenant is responsible for all common area maintenance (CAM), taxes, and insurance, eliminating landlord responsibilities. This property offers a compelling combination of strong tenant credit, long-term lease, built-in rent increases, and a prime location, making it an attractive addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $743,000
- AI Estimate
- $647,000
Market price range: $223k - $743kMarket price range: $192k - $647k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $595,000
- COMMERCIAL (GENERAL)
- $490,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Jonesborough
- County
- Washington
- State
- Tennessee
- Longitude
- -82.4752
- Latitude
- 36.2976
- CBSA code
- 27740
- CBSA name
- JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$102,800
$245,680
$348,480
-
$257,000
$614,200
$871,200
