Commercial Condominium at Stone Creek Center

Retail-Commercial for Sale
Catylist Listing ID: 30052633
Property Subtypes: Mixed Use
Building Size (RSF): 1,500 SF
Gross Building Area: See Agent
Sale Price: $375,000
Unit Price: $250 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Stone Creek
Sale Terms: Cash to Seller
Cap Rate: 6.6%
Last Updated: 1/7/2021

Overview / Comments

This net leased investment is an inline suite at fully occupied Stone Creek Center. Tenant T-Mobile completed self-funded improvements. One year remains on the initial 3-yr. term and there are two additional 3-yr renewal options.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033131 09103P000
Zoning: C-2
Retail Clientele: General
Property Visibility: Excellent
Total Number of Buildings: 1
Property Condition: Good
Year Built: 2014
Exterior Description: Brick/stone/Cement fiber building has lots of paved parking at the front and back to accommodate the needs of customers and employees.
Parking Type: Surface
Sprinklers: Wet
Interior Description: Front of suite is devoted to retail. A demising wall located about 2/3 of the way back separates the stock area from the store. Heading toward the back are an ADA restroom, small office and rear entrance.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,336 22,516 58,326
Median Age: 37.06 40.31 39.67
Households: 1,331 8,324 21,458


Photograph of Listing Agent

Jelena Butler

Better Homes and Gardens Real Greater Chattanooga REALTORS® Member
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