St Elmo Center at the Incline Railway
Retail-Commercial
for Lease
| Catylist Listing ID: |
30799856 |
| Property Subtypes: |
Restaurant, Street Retail, Tavern/Bar/Nightclub
|
| Contiguous Space: |
778 - 2,155 SF |
| Gross Building Area: |
See Agent |
| Lease Rate: |
$20 - 22 PSF (Annual)
|
| Base Monthly Rent: |
$1,296 - 2,524 |
| Lease Types: |
NNN |
| Building Name: |
Retail Center at the Incline Railway |
| Last Updated: |
4/26/2022 |
Overview / Comments
|
This center is located directly adjacent to the Incline Railway in the heart of St Elmo. 1885 Grill is across the street and a CARTA 350+ surface parking lot is behind the center and also used by the Incline Railway visitors. Suite 3931 and Suite 3933 maybe combined and a new 1,500 gallon grease trap is in place.
|
| Level/Floor: |
1 |
| Space Available: |
1,377 SF |
| Max Contiguous: |
2,155 SF |
| Lease Rate: |
$20 - 22 PSF (Annual)
$2,295 - 2,524 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
This is space has a grease trap in place as well as rear patio area and hood system. There is ample parking both at the front of the center and in the 350+ surface parking lot to the rear of the center owned by CARTA and used by the Incline Railway visitors. The Suite may be combined with suite 3933 for a total of 2,155 SF. |
| Space Subcategory: |
Strip Center |
| Date Available: |
5/1/2022 |
| Space Type: |
Relet |
| Kitchen |
Yes |
| Tax Expenses |
$3.25 PSF (Annual) |
| Operating Expenses |
$0.79 PSF (Annual) |
| CAM Expenses |
$0.36 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
| Level/Floor: |
1 |
| Space Available: |
778 SF |
| Max Contiguous: |
2,155 SF |
| Lease Rate: |
$20 - 22 PSF (Annual)
$1,296 - 1,426 (Monthly)
|
| Lease Type: |
NNN |
| Space Description: |
Suite 3933 is a small retail suite which may be combined with Suite 3931 which was formerly a restaurant space with new 1,500 gallon grease trap in place. Plate glass windows cover the entire frontage of this space for visibility. |
| Space Subcategory: |
Strip Center, Fashion/Specialty |
| Date Available: |
5/1/2022 |
| Space Type: |
Relet |
| Tax Expenses |
$3.25 PSF (Annual) |
| Operating Expenses |
$0.79 PSF (Annual) |
| CAM Expenses |
$0.36 PSF (Annual) |
| Rent Escalators |
Step-Up Lease |
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Taxing Authority: |
City of Chattanooga |
| Tax ID/APN: |
033155O E 01000P000 |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Property Visibility: |
Excellent |
| Traffic/Vehicle Count: |
25,000 |
| Tenancy: |
Multiple Tenants |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Property Condition: |
Average |
| Roof Type: |
Flat |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
| Parking Description: |
Front surface parking and CARTA lot to the rear |
| Sprinklers: |
None |
| Heat Type: |
Natural Gas |
| Air Conditioning: |
Package Unit |
| Interior Description: |
Former restaurant and retail |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
2,081 |
44,413 |
103,753 |
| Median Age: |
36.28 |
33.78 |
36.21 |
| Households: |
904 |
16,896 |
41,840 |
|
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