Verizon Anchored Center

Retail-Commercial for Sale
Catylist Listing ID: 30343309
Property Subtypes: Free-Standing Building
Building Size (RSF): 10,020 SF
Sale Price: $3,760,000
Unit Price: $375.25 PSF
Ceiling: 14 ft.
Property Use Type: Net Leased Investment (NNN)
Building Name: The Shops of Cleveland
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 10/19/2018

Overview / Comments

Excellent triple net investment opportunity in growing area of Cleveland. Verizon anchored center located in front of Home Depot. Tenant mix include Verizon, fitness center, pharmacy , and Jewelry store.

7 % Cap Rate

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Bradley County / Cleveland
Tax ID/APN: 034 052.03
Zoning: CH
Retail Clientele: General
Property Visibility: Excellent
Largest Nearby Street: Paul Huff Parkway
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Year Built: 2005
Roof Type: Flat
Construction/Siding: Block, Brick, Stucco
Parking Type: Surface
Heat Type: Electricity
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Zoning Description: Commercial Highway
Lot Frontage: 205
Lot Depth: 400
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,257 31,054 56,420
Median Age: 40.18 38.86 37.23
Households: 2,090 11,996 21,836


Photograph of Listing Agent

Joe Lee

K W Cleveland Greater Chattanooga REALTORS® Member
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