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: |
11/11/2020 |
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).
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Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Taxing Authority: |
Hamilton County, City of Collegadale |
| Tax ID/APN: |
132 021.03 |
| Zoning: |
COMMERCIAL C-2 |
| 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 |
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 |
|
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