Income Property, DG Ooltewah TN

Retail-Commercial for Sale
Catylist Listing ID: 30363008
Property Subtypes: Street Retail
Building Size (RSF): 8,262 SF
Gross Land Area: 0.56 Acres
Sale Price: $825,000
Unit Price: $99.85 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Dollar General Store
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 5/17/2022

Overview / Comments

Retail in Ooltewah TN. This Dollar General Store is well located in a high growth area of Chattanooga MSA, on a commuter thoroughfare between Ooltewah and municipality of Collegedale. Growth in this area of Chattanooga continues with large employers Volkswagen, Amazon, FedEx, US Express, McKee Bakery (Little Debbie Snack Cakes). Surrounding uses include Medical, Grocery, Restaurants, Pharmacy, Banking, Upscale Retail. Lease. Commercial Property in the 37363 Zip priced at less than $100/ Sq Ft; 6% CAP Rate. Package Purchase with Seller's other DG in Etowah TN (Listing #30363867); combined package priced at $1,465,000 (6.25% CAP Rate).

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County, City of Collegadale
Tax ID/APN: 132 021.03
Retail Clientele: General
Property Visibility: Good
Largest Nearby Street: Lee Hwy (Hwy 11/64), I 75
Highway Access: I-75 at Exit 11, Ooltewah TN
Airports: Chattanooga Municipal
Site Description: Level, improved. Adjacent to Self Storage Facility.
Area Description: Commercial District in high growth area of the MSA.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1998

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,012 23,203 59,872
Median Age: 36.38 38.04 39.77
Households: 824 8,073 21,876


Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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