Investment Highlights

Historically Low Vacancy Rates: The rental market within Johnson City has been recognized as being very stable and as having consistently low vacancy rates. The subject historically has stayed above 95% occupied, leaving the possibility for new ownership to increase rents. 

Additional Land Available for Development: Included behind the property is over 8 acres of undeveloped land that has been approved for 48 units.

Exceptional Amenity Package: Brush Creek Meadows offers an excellent amenities package, including recently finished mail center, deck stain, playground, and parking lot restriping in addition to:
• 24 Hour Fitness Center
• Resort-Style Saltwater Pool
• Clubhouse/Poolside Wifi
• Outdoor Pavilion with Grill
• Leash-Free Bark Park
• BBQ/Picnic Area
• Basketball Court
• Playground
• Mailbox Center
• Clothes Care Center

Highly Ranked School System: According to Greatschools.org, zoned Fairmont Elementary ranks 9 out of 10, Indian Trail Intermediate ranks 8 out of 10, and Science Hill High ranks 8 out of 10. Within the Johnson City School District itself, many of the other schools are ranked 7 or higher out of 10.

Accessibility to Johnson City Demand Drivers: 
• Johnson City Medical Center: 445 Beds - Top 10 regionally ranked hospital (U.S. News & World Report) and a Top 100 National Heart Hospital (Solucient). 
• Franklin Woods Community Hospital: 80 Beds - 240,000 SF facility and Tennessee’s only five-star hospital (Becker’s Hospital Review) 
• Mall of Johnson City: Approximately 1,200 jobs and 567,895 SF, anchored by JCPenney, Dick’s Sporting Goods, and Belk
• Johnson City Crossing: 343,935 SF, anchored by Stein Mart, PetSmart, Bed Bath & Beyond, and Ross Dress for Less 

Proximity to the Fourth Largest University in the State: East Tennessee State University has 14,500 students enrolled with plans to increase enrollment to 18,000 by 2025. With 80% of its students living off-campus, the increased enrollment will provide steady demand to the area’s rental market.

Tri-Cities: The Tri-Cities (Bristol, Johnson City, and Kingsport) have a total population of 509,376 people. Residents of Johnson City are within 45 minutes from the Tri-Cities’ 221,000 jobs (U.S. Bureau of Labor Statistics). This CSA is the fifth-largest in Tennessee, among which Johnson City is the largest city. The largest sectors within these areas include Healthcare & Social Assistance, Manufacturing, and Retail. 

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