Investment Deal - Leased by National Tenant - TitleMax

Retail-Commercial for Sale
Catylist Listing ID: 30010163
Property Subtypes: Free-Standing Building
Building Size (RSF): 3,500 SF
Gross Building Area: See Agent
Sale Price: $170,000
Unit Price: $48.57 PSF
Property Use Type: Investment
Building Name: TitleMax
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/28/2017

Overview / Comments

• National Tenant – TitleMax
(there are over 1,100 TitleMax locations spanning 17 states)
• Address – 4720 Rossville Blvd Chattanooga, TN
• 3,500 sf Brick Building (sf from tax records)
• Corner Lot
• Signalized Intersection
• Located between Walgreens and Wendys
• Annual Rent- $18,500
• 3 years term remaining on current lease
• Tenant has leased the building for the past 12 years
• Landlord pays insurance($875) and tax ($3,266) and maintenance over $500.

Landlord did the following recent upgrades
2013 – Roof - $13,500
2015 – Sealed and Striped Parking lot - $1,800
2016 – Painted Exterior - $1,425

Owner selling to dissolve a partnership.

Current Tenants

Tenant Business Name TitleMax
Website URL www.titlemax.com

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 168I M 018
Property Visibility: Excellent

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,256 64,770 131,281
Median Age: 32.01 36.42 37.58
Households: 1,490 26,167 53,508

Contact

Source

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