607 Twin Oaks Dr Johnson City, TN 37601
Property profile & analytics
607 Twin Oaks Dr, Johnson City, TN 37601
- Grocery and convenience stores
- 7,300 SF
- 2.02 lot acres
Property ID
US80-1456080
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
- Shell / Car Wash
- Dunkin' / Cafe & Coffee Shop
- First Tennessee Atm / Atm
- ATM - Road Runner / Atm
- Laundry Mat / (Bike/Boat/Book/etc) Store
Property Details for 607 Twin Oaks Dr
- Year built
- 1998
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.02 lot acres
- Property type
- Grocery and convenience stores
- APN
- 055A H 00300
- APU
- 055AH00300
Description
This exceptional investment opportunity presents a fee-simple ownership of a 7,491 square foot convenience store and gas station located at 607 Twin Oaks Dr, Johnson City, TN 37601. The property sits on a 2.02-acre lot at the intersection of Milligan Highway and Twin Oaks Drive, a high-traffic area averaging 12,800 vehicles per day. Its strategic location less than 2.5 miles from East Tennessee State University (10,000 students) and directly off I-26 (56,000 VPD) ensures consistent customer traffic. The property benefits from strong retail synergy with nearby businesses including Burger King, Arby's, Food City, and Walgreens. Further enhancing its appeal is an on-site Dunkin' drive-thru. The property is currently under a 15-year absolute NNN lease (commencing May 1, 2022, and expiring April 30, 2037), with a remaining term of 12.4 years. The lease includes 10% rent bumps every five years. The tenant, GPM Investments (S&P: B+, NASDAQ: ARKO), is credit-rated. The property boasts a 6.00% cap rate and a Net Operating Income (NOI) of $287,804. Built in 1998, this asset offers a compelling combination of location, tenant strength, and lease terms, making it an attractive investment prospect. The 5-mile trade area supports a population exceeding 73,000 residents and 64,000 employees, with an average household income of $71,927. This property offers a stable, high-performing investment with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.3313
- Latitude
- 36.3087
- 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
$145,160
$378,320
$523,480
-
$362,900
$945,800
$1,308,700
