$$ CHATTANOOGA (HIXSON) TN: INVESTMENT STRIP CENTER FOR SALE: 7.27 CAP

Shopping Center for Sale
Catylist Listing ID: 30627000
Property Subtypes: Net Leased, Strip Center
Building Size (RSF): 6,030 SF
Gross Land Area: 0.66 Acres
Sale Price: $1,049,000
Unit Price: $173.96 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.28%
Average Occupancy Rate: 100
Last Updated: 9/24/2020

Overview / Comments

Keller Williams Commercial is pleased to exclusively present this amazing income producing investment opportunity. This retail / office / dental strip center in the Hixson (Chattanooga) Tennessee market of Hamilton County is currently 100% occupied with Single Net Lease Tenants and continues to be extremely well maintained and managed, with attractive facades and retail aesthetics which enable ongoing tenant success.

1963 Northpoint Blvd - is located in Hixson (a retail sub-market of Chattanooga, Tennessee), built in 2007, and contains approximately 6,000 square feet positioned on approximately .67 acres with cross parking/access easements.

With an excellent location along one of the busiest crossroads in Hixson, the subject property is accessible to over 30,000 vehicles daily. The building is currently 100 percent occupied, as long-term tenants include Premier Family Dental, Simply Chiropractic, and The Blind Lady. The subject property is located within a quick 5-minute drive to Memorial Northpark Hospital, Hixson’s largest and most advanced medical facility. Neighboring retailers include: The Home Depot, Steak ‘n Shake, Lowe’s, Tennessee Valley Federal Credit Union, O’Charley’s, Goodwill, Region’s Bank, and Hobby Lobby among others. Additionally, as the center is located in Chattanooga’s secondary retail market, many more retailers and dining establishments are located just minutes of the site.

NOTE: THIS PROPERTY IS ALSO BEING OFFERED ALONG WITH 124 HARRISON LANE (SODDY DAISY, TN) AS A INVESTMENT PACKAGE.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 100P C 001.26
Zoning: C-2
Retail Clientele: General, Family, Business, Other
Property Located Between: Hwy 153 and Old Hixson Pike
Property Visibility: Good
Largest Nearby Street: Highway 153
Feet of Frontage: 226
Traffic/Vehicle Count: 28,517
Highway Access: Minutes to Hwy 153, and 27
Airports: Chattanooga Metropolitan Airport
Site Description: Site consists of 6,000 sq feet, containing 5 tenants, level lot, offering ample parking.
Area Description: Surrounded by commercial, and retail space.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,030 SF
Year Built: 2007
Roof Type: Flat
Parking Type: Surface
Parking Description: Ample parking.
Total Parking Spaces: 29
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-2
Lot Frontage: 226
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lt 12 Northgate Crossing Pb 82 Pg 1 64 Out Of 100P-C-001.02 For 2007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,566 37,202 96,416
Median Age: 35.2 41.92 39.96
Households: 1,146 16,274 41,434

Contact

Photograph of Listing Agent

Charles M Davis

Keller Williams Realty Greater Chattanooga REALTORS® Member
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