Income Providing Property

Retail-Commercial for Sale
Catylist Listing ID: 30270390
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Other
Building Size (RSF): 7,548 SF
Gross Building Area: See Agent
Sale Price: $349,900
Unit Price: $46.36 PSF
Property Use Type: Investment, Business
Sale Terms: Other
Cap Rate: Undisclosed
Last Updated: 5/18/2018

Overview / Comments

Retail store in good condition with excellent off street parking. Rent on pawn shop is $3,000 per month on long term lease. All utilities are responsibility of tenant. The rent goes up 5% next year. The roof has a full 30 year warranty (parts & labor). The lease is with a strong national chain.

Additional Details

Nearest MSA: Chattanooga
County: Sequatchie
Retail Clientele: General, Family, Business, Traveler, Other
Property Located Between: Hwy 111 & Hwy 28
Property Visibility: Excellent
Feet of Frontage: 99
Highway Access: US Hwy 127
Site Description: Level with paved parking lot and good visibility
Area Description: Located in the heart of Dunlap, next to City Hall with generous off street parking, a high traffic & high visibility area.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 7,548 SF
Property Condition: Good
Year Built: 1961
Roof Type: Flat
Construction/Siding: Block
Exterior Description: Rectangular design, continuous Footing, slab on grade, concrete block.
Parking Type: Surface
Parking Description: Off street. Paved parking
Zoning Description: Commercial
Lot Depth: 145
Legal Description: Tax Map 048E F 019.00

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 906 4,834 9,388
Median Age: 39.21 38.22 39.13
Households: 371 1,831 3,621

Contact

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