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Views: 160 DOM: 359 Updated: 11.17.24 Posted: 11.28.23 Status: Active 05.10.24

Summary

Price $4,102,000
Built/Renov 1996/2021
Tenant Roadrunner
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,348
Lease Start 05-01-2022
#Units 92
Price/SF $943.42
Expiration 04-30-2037
Tenant Type Convenience/Gas
NOI $246,149
R. Term 12.5
Ownership Fee Simple
Rent/SF $56.61
Increases 10.0%/4/yrs
Pop 5Mi 83,035
Lot/AC 2.44
Options 0/0yrs
AHHI 5Mi $86,272

Lease Highlights

  • Roadrunner has 12+ years remaining on the current lease term
  • Lease features 10% rental increases every 5 years
  • Asset qualifies for bonus depreciation
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Roadrunner is strategically located at the signalized intersection of Sunset Dr. and Knob Creek Rd., averaging 25,500 vehicles passing by daily. The asset is equipped with a Dunkin’ drive-thru, boosting sales and increasing productivity. Additionally, it is just 1 mile from The Mall at Johnson City and Johnson City Plaza, containing over 300,000 SF of retail space and tenants such as DICK’S,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Roadrunner Markets is a brand of convenience stores primarily in the Southeast region of the United States. Founded in 1977, its first convenience store opened in Greeneville, TN in 1980....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 5,765 49,355 84,387
2023 Total Population : 5,463 48,525 83,201
2023 Employed Civilian Pop : 2,659 21,220 37,262
2023 Total Businesses : 500 2,622 3,476
2023 Average Household Income : $ 108,951 $ 84,106 $ 86,243
2023 Total Consumer Spending : $ 249 M $ 1479 M $ 2652 M
2023 Median Age : 51 39 40
2023 Total Households : 2,680 20,158 35,284
2023 Pop Age 25+: Bachelor's Degree : 1,197 7,752 13,146
2023 Average Home Value : $ 323,088 $ 271,745 $ 277,609
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Knob Creek Road Regency Dr 2022 9,534 0.35 mi
Sunset Drive North Ln 2022 15,988 0.59 mi
Guaranda Drive Sell St 2022 1,893 0.61 mi
Liberty Bell Boulevard Liberty Bell Blvd 2022 3,906 0.73 mi
North State of Franklin Road Hwy 381 2022 26,758 0.86 mi
Pactolas Road Glyn Cir 2022 1,825 0.86 mi
North State of Franklin Road Skyline Dr 2022 35,145 0.86 mi
Skyline Drive N State of Franklin Rd 2022 3,201 0.89 mi
N State of Franklin Rd Hwy 381 2003 24,660 0.96 mi
N Roan St Mountcastle Dr 2003 24,310 0.97 mi

Listing Broker

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