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34508227
34508226

2005 N Roan St, Johnson City, TN 37601 For Sale

KB
IL 475190002
CBRE - Oak Brook
MK
IL 475154630
CBRE - Oak Brook
Listed by CBRE - Oak Brook
$3,822,840
1 day on market
Updated 1 day ago

Texas Roadhouse

Details
APN 038P F 008.03
Property Type Retail
Sub Type Restaurant
Square Footage 7,999
Units 1
Cap Rate 5.00%
NOI $191,142
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 15
Lease Expiration 10/31/2038
Remaining Term 12.3
Rent Bumps Yes
Lease Options 2, 5-Year Options with 10% Rent Bumps
Year Built 2021
Acreage 1.040
Zoning B-4, Arterial Business District
Parking Spaces 55 spaces
Parking per 1,000 SqFt 6.88
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 10/24/2023
Ground Lease No

Top 4% in Chain | 12-Yrs Remaining w/ Upcoming Bump | INCOME TAX FREE STATE

Marketing description

CBRE is pleased to present as the exclusive advisor the opportunity to acquire 100% fee interest in a 7,999 SF Texas Roadhouse located in Johnson City, Tennessee. The Property is ideally positioned along a major arterial road with excellent visibility and access, ensuring high volumes of customer traffic. The asset is adjacent to the Mall at Johnson City, the #1 ranked mall within a 50-mile radius. The Mall at Johnson City serves as an excellent shadow-anchor for the Property and surrounding corridor, as the mall experienced over 6.32M visits in 2025, demonstrating its ability to attract customers from a wide trade area.

The Property is currently occupied by the high-performing national tenant, Texas Roadhouse, which has proven to be incredibly resilient in the casual dining sector. The Property contains an excellent lease term of 12.4 years and 10% rent bumps every 5 years, highlighting the durable income and long-term stability of the asset. For qualified investors, Texas Roadhouse proves to be a high-quality asset with durable income, outstanding tenant performance, and a prime location near a thriving super-regional mall with nearby regional access and connectivity.

Investment highlights

  • Investment Grade Tenant with Long - Term Lease - BBB/Stable
  • New Construction with Minimal Landlord Responsibilities
  • Zero CAM Responsibilities
  • Impressive Placer.ai Rankings with Limited Chain Competition (Top 4% Nationally)
  • Shadow – Anchored by Super-Regional Mall
  • Exceptional Regional Retail Corridor with Massive Trade – Area Draw
  • Healthy Demos Highlighting Stable Consumer Spending
  • Unmatched Visibility Along Prominent Road

Listing Contacts

KB
IL 475190002
CBRE - Oak Brook
MK
IL 475154630
CBRE - Oak Brook
Listed by CBRE - Oak Brook

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$191,142.00
$15,928.50/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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