The Mall at Johnson City

JLL has been retained as exclusive advisor for the sale of The Mall at Johnson City (the “Property” or “Mall”) – a single level (at grade) regional mall located at 2011 North Roan Street, Johnson City, TN 37601. The Property is 100% owned, including all anchors, and situated on approximately 53.9 acres. Comprising approximately 544,659 square feet (“SF”) of gross leasable area (“GLA”), The Mall at Johnson City features a fully leased anchor lineup that is well-suited for the trade area including Belk (80,000 SF), Belk Men & Home (71,097 SF), JCPenney (102,100 SF) and Dick’s Sporting Goods (45,000 SF), as well as notable big box retailers Home Goods (21,000 SF) and Boot Barn (11,617 SF). The Property also features two owned outparcels - a stand-alone Texas Roadhouse, a two-tenant building leased to Chipotle and Chicken Salad Chick and 2.77 acres of excess land. Coupled with robust national small shop sales of $527/SF, healthy average occupancy costs of 11.0%, and below-market anchor rents, The Mall at Johnson City presents a compelling opportunity to acquire a wholly-owned center at attractive risk-adjusted returns with considerable upside potential.