Shopping Strip

Kroger Anchored Shopping Center

1805 W State of Franklin Rd, Johnson City, TN 37604

Listing Price: $15,000,000

Cap Rate
6.00%
Gross SF
85,288
Rentable SF
85,288
Price/Gross SF
$175.87
Lot Size
11.00 acres
Year Built
2011

Investment Overview

Marcus & Millichap is pleased to bring to market a Kroger-anchored Franklin Square Shopping Center in Johnson City, Tennessee. The subject property is 85,288 square feet, situated on approximately 11 acres with ample parking, multiple points of ingress/egress, a signalized intersection and great visibility. Kroger also has a fuel station that is included in the offering located on the outpad of the subject property and the center also includes a free standing twotenant outparcel building with drive-thru.

Investment Highlights

  • 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

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Shopping Strip

Kroger Anchored Shopping Center

Listing Price: $15,000,000

Cap Rate
6.00%
Gross SF
85,288
Rentable SF
85,288
Price/Gross SF
$175.87
Lot Size
11.00 acres
Year Built
2011

Investment Highlights

  • 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

Investment Overview

Marcus & Millichap is pleased to bring to market a Kroger-anchored Franklin Square Shopping Center in Johnson City, Tennessee. The subject property is 85,288 square feet, situated on approximately 11 acres with ample parking, multiple points of ingress/egress, a signalized intersection and great visibility. Kroger also has a fuel station that is included in the offering located on the outpad of the subject property and the center also includes a free standing twotenant outparcel building with drive-thru.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

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