Overview
- Updated On:
- December 13, 2022
Description
■ Multitenant Shopping Center Anchored by Kroger Supermarket
■ Kroger Has Strong Store Sales Approaching $700 per Square Foot
■ Kroger Rent to Sales Ratio 1.8%
■ The Kroger Co. is One of the World’s Largest Food Retailers, with Fiscal 2019 Sales of $122.3B and an Investment Grade Credit Rating of BBB Stable (S&P)
■ Kroger is the Nation’s Largest Supermarket Chain with Over 2,400 Locations and Annual Sales in Excess of $82 Billion
■ Freestanding Two-Tenant Building Included with Drive-Thru Access
■ Kroger Fuel Station is Included
■ Staggered Leases with WALT 4 years
■ Population Growth Over 6% in the Past 10 Years
Address: 1805 W State of Franklin Rd
City: Johnson City
State/County: Tennessee
Zip: 37604
Country: United States
Property Id: 19278
Price: $ 14,000,000
Price/SF: $164.15
Cap Rate: 6.03%
Building Size: 85,288 SF
Rentable Area: 85,288 SF
Lot Size: 11.00 Acres
Year Built: 2011
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