Catylist ID:
#30627000
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. |
Attachments & Media
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 |
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 |
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