SUBWAY STAND ALONE BLDG COMMERCIAL RETAIL SPACE ZONED M-1

Retail-Commercial for Sale
Also listed as Industrial, Business Opportunity
Catylist Listing ID: 30161889
Property Subtypes: Car Wash, Convenience Store, Day Care Facility, Free-Standing Building, Garden Center, Mixed Use, Parking Facility, Restaurant, Retail-Pad, Service Station/Gas Station, Street Retail, Tavern/Bar/Nightclub, Vehicle Related, Other
Building Size (RSF): 2,016 SF
Gross Land Area: 19,166 SF
Sale Price: $499,000
Unit Price: $247.52 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: SUBWAY
Usable Size (USF): 2,016 SF
Sale Terms: Cash to Seller, Sale/Leaseback, Other
Average Occupancy Rate: 100
Last Updated: 8/25/2017

Overview / Comments

Great opportunity to purchase a property right off of heavily traveled I-24 with great visibility.

Owner of real estate is also the owner of Subway franchise tenant. Franchise is also for sale, separately. Assuming the franchise does not sell separately, this list price will include all of the buildout, equipment, etc. in this priced amount. The Subway tenant lease is expiring soon. Seller would rather sell both, or just the real estate to a buyer with their own plans, however, they would consider signing on to stay at this location under certain circumstances.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $4,879 (Annual)

Current Tenants

Tenant Business Name SUBWAY

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County, City of Chattanooga
Tax ID/APN: 156G H 001.01
Zoning: M-1
Retail Clientele: General, Family, Business, Traveler, Tourist, Convention, Other
Property Located Between: Krystal & Waffle House.
Property Visibility: Excellent
Largest Nearby Street: 4th Avenue, I-24
Feet of Frontage: 134
Highway Access: I-24 on ramp is just 500' from the parking lot.
Airports: Chattanooga Metropolitan Airport
Site Description: Level, Asphalt parking pad added in 2004. Chain link fence borders back/sides.
Area Description: Great location right off the heavily traveled I-24.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 1,872 SF
Property Condition: Excellent
Year Built: 1986
Year Renovated: 2003
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Stucco on Block to best of sellers knowledge. Flat roof with Mansard style sides.
Total Parking Spaces: 20
Parking Type: Surface
Parking Description: Asphalt pad built in 204 in good condition. Estimating 20 spots, will try to update asap with a more exact count.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Other
Interior Description: Approx 40 seats for customers. Typical Subway style buildout.
Zoning Description: M-1
Lot Frontage: 134.38
Lot Depth: 142
Water Service: Municipal
Sewer Type: Municipal
Easements Description: None to Sellers knowledge.
Land Ownership: Owned.
Legal Description: Lt 1 Resub Bl L HaganS Sub 34-92

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,523 80,270 148,807
Median Age: 29.72 36.07 36.91
Households: 3,956 32,227 61,357

Contact

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