$$ Income Producing Portfolio $$ FOR SALE (8.4 CAP) Chattanooga, TN

Shopping Center for Sale
Catylist Listing ID: 30640713
Property Subtypes: Net Leased, Strip Center
Building Size (RSF): 14,530 SF
Gross Building Area: See Agent
Gross Land Area: 1.31 Acres
Sale Price: $2,398,000
Unit Price: $165.04 PSF
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/25/2020

Overview / Comments

Keller Williams Commercial is pleased to exclusively present, as a package or individually, (2) amazing income producing investments of retail/office/dental centers in the Greater Chattanooga Tennessee market of Hamilton County. Each center is currently 100% occupied with Single Net Leases, and (1) Gross Lease, and both continue to be extremely well maintained and managed, with attractive facades and retail aesthetics which enable ongoing tenant success.

Property A: 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.

Property B: Strategically positioned on the busiest signalized intersection in Soddy Daisy, the subject property is visible to over 25,000 vehicles daily. The building is currently 100 percent occupied, as long-term tenants include Cosmetic & Family Dentistry, Liberty Tax, Alliance Physical Therapy, Krystal, and Bell’s Smoke Shop. The subject property is located within a 3-minute drive to Erlanger Hospital Primary Care and is within walking distance of the area’s largest retailer and grocer, Walmart Supercenter. Neighboring retailers include: Walgreens, Hardee’s, Tennessee Valley Federal Credit Union, Taco Bell, First Horizon Bank, CVS, and Zaxby’s among others.


Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 066H D 002 and 100P C 001.26
Zoning: C-2
Retail Clientele: General, Family, Business, Recreation
Property Visibility: Excellent
Highway Access: Minutes to Hwy 153
Airports: Chattanooga Metropolitan Airport
Area Description: Both areas are surrounded by retail and commercial use.
Total Number of Buildings: 2
Number of Stories: 1
Year Built: 2007
Exterior Description: Well built, well maintained strip centers.
Parking Type: Surface
Total Parking Spaces: 64
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-2
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lt 1 Buckeye Sub Pb 79 Pg 170 and Lt 12 Northgate Crossing Pb 82 Pg 1 64 Out Of 100P-C-001.02 For 2007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,566 37,202 97,987
Median Age: 35.2 41.92 39.97
Households: 1,146 16,274 42,050


Photograph of Listing Agent

Charles M Davis

Keller Williams Realty Greater Chattanooga REALTORS® Member
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