$$ CHATTANOOGA (SODDY DAISY) TN - INVESTMENT STRIP CENTER: 9.27 CAP

Shopping Center for Sale
Catylist Listing ID: 30627019
Property Subtypes: Mixed Use, Net Leased, Strip Center
Building Size (RSF): 8,500 SF
Gross Land Area: 0.65 Acres
Sale Price: $1,349,000
Unit Price: $158.71 PSF
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 9.27%
Average Occupancy Rate: 100
Last Updated: 11/25/2020

Overview / Comments

Keller Williams Commercial is pleased to exclusively present this amazing income producing investment opportunity. This retail / office / dental strip center in the Soddy Daisy (Chattanooga) Tennessee market of Hamilton County is currently 100% occupied with Single Net Lease Tenants and continues to be extremely well maintained and managed, with attractive facades and retail aesthetics which enable ongoing tenant success.

124 Harrison Lane - is located in Soddy Daisy (an incorporated city just 15 minutes North of downtown Chattanooga, Tennessee), built in 2005, and contains approximately 8,500 square feet positioned on .65 acres.

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.

NOTE: THIS PROPERTY IS ALSO BEING OFFERED ALONG WITH 1963 NORTHPOINT BLVD (HIXSON, TN) AS A INVESTMENT PACKAGE.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 066H D 002
Zoning: C-2
Retail Clientele: General, Family, Business, Other
Property Located Between: Dayton Pike and Hwy 27
Property Visibility: Excellent
Largest Nearby Street: Hwy 27
Feet of Frontage: 209
Traffic/Vehicle Count: 8,566
Highway Access: Minutes to Hwy 27
Airports: Chattanooga Metropolitan Airport
Site Description: Consists of 8,500 sq feet strip center, 1 level, level, paved lot.
Area Description: Surrounded by commercial and retail properties.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,100 SF
Property Condition: Good
Year Built: 2007
Exterior Description: Well maintained strip center.
Parking Type: Surface
Parking Description: Ample parking.
Total Parking Spaces: 35
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: C-2
Lot Frontage: 209
Lot Depth: 130
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: Lt 1 Buckeye Sub Pb 79 Pg 170

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,986 17,184 40,725
Median Age: 43.12 39.23 41.2
Households: 1,710 6,639 15,829

Contact

Photograph of Listing Agent

Charles M Davis

Keller Williams Realty Greater Chattanooga REALTORS® Member
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