Fort Oglethorpe Retail Strip Center

Shopping Center for Sale
Catylist Listing ID: 30203069
Property Subtypes: Strip Center
Building Size (RSF): 14,875 SF
Gross Land Area: 51,400 SF
Sale Price: $1,395,000
Unit Price: $93.78 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Kindred Center
Usable Size (USF): 14,875 SF
Sale Terms: Cash to Seller
Cap Rate: 6.3%
Average Occupancy Rate: 83
Last Updated: 7/25/2018

Overview / Comments

Kindred Center is a well established One level commercial retail strip center consisting of 6 units. The corner lot is slightly sloping. It has high visibility on the heavily traveled Ga HWY 2A. There are 6 separate units total within 14875SF with 5 units having street & rear access and 1 unit as a separate storage unit with rear access. Anchor tenants such as Papa Johns, Tri-State pools, and the Pharmacy have been long term tenants and renewed leases several times over.
Kindred Center provides a great investment with all mechanical systems & roof replaced within the last 5 years. Ga HWY 2A provides some of highest traffic count in the North Georgia area. It's location is less than 20 minutes to downtown Chattanooga, and less than 5 miles to I-75. The retail center has been maintained and managed by the original owner since 1978
Financials and operational details are available upon request.

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: Catoosa County Georgia
Tax ID/APN: 003d 055
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Other
Property Located Between: I-75 and HWy 27
Property Visibility: Excellent
Largest Nearby Street: Ga HWY 2A
Feet of Frontage: 250
Traffic/Vehicle Count: 28,300
Highway Access: I-75
Airports: CHA
Site Description: 1 large parcel consisting of 1 commercial retail strip building. The center is 14,875SF and 6 retail units. Excellent visibility and high traffic counts. Building is in great condition with roof & all mechanical systems replaced within last 5 years. Marquee sign & 46 striped parking spaces on the front & west side with more in the rear. Located within 5 miles of I-75 and 20 min to downtown Chattanooga.
Area Description: Kindred Center is located in Fort Oglethorpe, GA on HWY 2A which is the main street in Fort Oglethorpe. Catoosa county Population is approximately 65,000 residents. Surrounding businesses are primarily retail closing stores, gas stations, fast food & sit down restaurants. The property is located 5 miles from I-75 and 20 min to Chattanooga.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 14,875 SF
Property Condition: Good
Year Built: 1978
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Masonry Block, Split faced painted block, Canopy facade
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: 46 lined spaces front & west side. additional parking in rear. Paved open surface parking
Total Parking Spaces: 46
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Interior Description: Average typical retail.
Zoning Description: C-2
Lot Frontage: 250
Lot Depth: 206
Water Service: Municipal
Sewer Type: Municipal
Easements: Electric Lines, Utilities
Land Ownership: Owned
Legal Description: Reserved Lot Battlewood Landlot: 86 Landdist: 9/4

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,551 40,567 108,458
Median Age: 36.61 39.96 37.9
Households: 3,216 16,862 44,621

Contact

Photograph of Listing Agent

Michael Kelly

Engel & Volkers Greater Chattanooga REALTORS® Member
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