Lee Hwy Build to Suit - Lease Opportunity

Vacant Land for Lease
Catylist Listing ID: 30790196
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Self Storage, Other
Gross Land Area: 0.54 Acres
Lease Rate: $15 - 35 PSF (Annual)
Base Monthly Rent: $29,403 - 68,607
Lease Types: NNN, Absolute NNN
Last Updated: 5/15/2022

Overview / Comments

Great business opportunity to take advantage of the traffic and location on Lee Hwy. The owner has cleared this 0.54 acres for redevelopment. He wants to build a built to suite type of building for a regional or national type tenant. Could be a drive thru coffee shop, single or double drive thru restaurant, oil change shop, small restaurant like a Waffle House or Starbucks or many other small footprint concepts.

Owner will build it to specifications required and look for an initial 10-year lease with 5-year options. As a ballpark rental number, the landlord would expect rent of about $70,000 per year for each $500,000 of construction costs.

This part of Lee Hwy is booming with the addition of the xx sf Honda Dealership almost next door. Many properties have recently sold and change is in the wind.

To the left of the subject property is the Radio Clinic and to the right is Family Furniture Mattress.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033158A D 00502P000
Zoning: C-2
Property Located Between: Near side Street call Provence St.
Property Visibility: Excellent
Largest Nearby Street: Hwy 153
Feet of Frontage: 126
Traffic/Vehicle Count: 25,977
Highway Access: Off Hwy 64/Lee Hwy - 1 minute to 75
Airports: Chattanooga Airport
Site Description: Cleared and leveled lot, ready for build
Area Description: Active Lee Hwy Road area not far from Hwy 153. Close to location for new Honda Dealership.
Lot Frontage: 126
Lot Depth: 200
Zoning Description: C-2
Development Name: Build to Suite
In Flood Plain?: Yes
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,344 56,709 149,453
Median Age: 34.36 39.48 38.62
Households: 2,161 25,489 62,151

Contact

Photograph of Listing Agent

Brandon Gibson

Keller Williams Realty Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Robert Fisher

KW Commercial Greater Chattanooga REALTORS® Member
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