Boone Ridge Point (Investment Opportunity)

Retail-Commercial for Sale
Also listed as Business Opportunity, Office
Catylist Listing ID: 28642274
Property Subtypes: Mixed Use, Parking Facility, Other
Building Size (RSF): 30,300 SF
Gross Building Area: 32,320 SF
Gross Land Area: 2.79 SF
Sale Price: $4,500,000
Unit Price: $148.51 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Business
Building Name: Boone Ridge Point
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/19/2017

Overview / Comments

Corridor Properties is delighted to present "Boone Ridge Point" for sale, which is an excellent investment opportunity in the thriving and desirable market of Johnson City, TN, specifically the Boones Creek area. This property is 100% occupied with national and regional tenants. There is immediate access to Interstate 26 and is within ten miles of Interstate 81. Boone Ridge Point has great views of the surrounding mountains and local terrain of East Tennessee. The Boones Creek Market is a rapidly growing area, which will continue its expansion and desirability with the state government’s plan to redevelop the exits interchange soon. This region of Johnson City is attracting growth in restaurant, office, retail and medical space. Boone Ridge Point provides a desirable and convenient location, ample parking, lush landscaping and a picturesque view.

Attachments & Media

Additional Details

Nearest MSA: Johnson City
County: Washington
Market Type: Large
Property Located Between: Johnson City and Gray
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: Boones Creek Road
Traffic/Vehicle Count: 15,000
Transportation: Highway
Highway Access: 1/4 mile from Interstate-26 and less than 10 Miles from Interstate-81
Site Description: Boones Ridge Point was built in 1996 with attention to detail as a top priority. It is well noted by Tenants and guests that this two-story, class “A” property was built with high quality materials and is always polished around the edges. The building is ADA compliant and offers the option of stairs or an elevator to the second floor. Corridor Properties has been managing the property since 2009 and is representing the owner in the sale of the property.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 15,000 SF
Property Condition: Excellent
Year Built: 1996
Year Renovated: 2006
Construction/Siding: Brick
Total Parking Spaces: 170
Parking Type: Surface
Interior Description: Thomas Weems and Associates
Lot Frontage: 416 ft
Lot Depth: 295 ft

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,257 19,859 64,564
Median Age: 37.25 42.32 41.5
Households: 578 8,493 28,005
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