Chattanooga (Hixson) TN: Investment Strip Center For Sale: CAP 6.8%

Shopping Center for Sale
Sale Pending
Catylist Listing ID: 30627000
Property Subtypes: Grocery-Anchored, Net Leased, Strip Center
Status: Pending
Building Size (RSF): 6,030 SF
Gross Land Area: 0.66 Acres
Sale Price: $1,250,000
Unit Price: $207.30 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 6.8%
Average Occupancy Rate: 100
Last Updated: 11/5/2021

Overview / Comments

Keller Williams Commercial is pleased to exclusively present, 1963 Northpoint Blvd,, a retail/office/dental center in the Greater Chattanooga Tennessee market of Hamilton County. The center is 100% occupied and continues to be extremely well maintained and managed, with attractive facades and retail aesthetics which enable ongoing tenant success.

With a NOI (Net Operating Income) of over $85k annually, this property will continue to grow in value for years to come with annual increases already in place and our newest (dental) anchor tenant signing on for 10 years.

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 Simply Chiropractic and The Blind Lady, in addition to our newest anchor tenant, North American Dental Group. 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.

Please contact Listing Agent, Chuck Davis at 423.645.3785, for a private showing.

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 3 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
Property Condition: Excellent
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

View FullscreenMap

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


Photograph of Listing Agent

Charles M Davis

Keller Williams Realty Greater Chattanooga REALTORS® Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.