GPM Investments (dba Roadrunner) | 607 Twin Oaks Dr
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GPM Investments (dba Roadrunner) 607 Twin Oaks Dr
7,988 SF Retail Building Johnson City, TN 37601 £3,789,678 (£474/SF) 6% Net Initial Yield
Investment Highlights
- SEC Milligan Hwy & Twin Oaks Dr | East Tennessee State University | Directly Off I-26 | Surrounding Retailers | Dunkin’ Drive-Thru
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- 13+ Years Remaining | GPM Investments | 10% Rental Increases
Executive Summary
• The site is strategically located at the SEC of Milligan Hwy & Twin Oaks Dr averaging 12,800 VPD
• Less then 2.5 miles from East Tennessee State University (10,000 students), providing a direct consumer base from which to draw
• Right off I-26 (56,000 VPD), allowing users to benefit from direct on/off ramp access
• More than 73,000 residents and 64,000 employees support the trade area
• $71,927 average household income
• Less then 2.5 miles from East Tennessee State University (10,000 students), providing a direct consumer base from which to draw
• Right off I-26 (56,000 VPD), allowing users to benefit from direct on/off ramp access
• More than 73,000 residents and 64,000 employees support the trade area
• $71,927 average household income
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,988 SF
Building Class
C
Year Built
1998
Price
£3,789,678
Price Per SF
£474
Net Initial Yield
6%
NOI
£227,368
Tenancy
Single
Number of Floors
1
Building FAR
0.09
Land Acres
2.02 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
69 Spaces (8.64 Spaces per 1,000 SF Leased)
Frontage
76 ft on Twin Oaks Drive
Amenities
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 055A-H-003.00 | Improvements Assessment | £265,136 |
| Land Assessment | £114,531 | Total Assessment | £379,667 |
PROPERTY TAXES
Parcel Number
055A-H-003.00
Land Assessment
£114,531
Improvements Assessment
£265,136
Total Assessment
£379,667
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Power Broker Patrick Nutt -
William Wamble -
Jarrett Slear -
SRS Real Estate Partners
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GPM Investments (dba Roadrunner) | 607 Twin Oaks Dr
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