Net Leased investment opportunity on Highway 58 *8.6% cap

Office for Sale
Catylist Listing ID: 30575077
Property Subtypes: Medical, Net Leased, Office Building
Building Size (RSF): 3,894 SF
Gross Building Area: See Agent
Gross Land Area: 0.45 Acres
Sale Price: $420,000
Unit Price: $107.86 PSF
Property Use Type: Investment
Building Name: Check into Cash
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Average Occupancy Rate: 100
Last Updated: 6/30/2020

Overview / Comments

Fully leased investment property on high traffic Highway 58.
Great visibility and easy access of Highway 58. 94 feet of frontage.
Less than quarter mile to Highway 153
3900 sf with strong leases through 2023. Dental office and Check into Cash
Traffic counts 41062

Occupied - please do not disturb tenants.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton county
Tax ID/APN: 129G F 055
Zoning: C2
Property Located Between: Briarwood and Hall
Property Visibility: Excellent
Highway Access: .20 miles from Highway 153
Airports: Chattanooga Metropolitan Airport
Site Description: Flat lot with easy access off Hwy 58. Ample parking
Total Number of Buildings: 1
Number of Stories: 1
Roof Type: Gable
Construction/Siding: Brick
Parking Type: Surface
Total Parking Spaces: 25
Sprinklers: None
Heat Source: Central
Interior Description: Small dental office on one side with waiting area, office and exam rooms. Check into Cash on other side with complete buildout plus storage.
Lot Frontage: 94
Lot Depth: 160
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt 16A Briarwood Unit 5 Resub Pb 46 Pg 74 3189 08D 49

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,871 34,158 115,334
Median Age: 40.67 40.63 39.58
Households: 2,653 15,156 48,241

Contact

Photograph of Listing Agent

Lisa A Brown

Keller Williams Realty Greater Chattanooga REALTORS® Member
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