Catylist ID: #30319972
Food City Plaza South
Retail-Commercial for Sale
|Catylist Listing ID:||30319972|
|Property Subtypes:||Street Retail, Other|
|Building Size (RSF):||56,357 SF|
|Gross Land Area:||5.73 Acres|
|Unit Price:||$74.52 PSF|
|Property Use Type:||Net Leased Investment (NNN)|
|Building Name:||Food City Plaza South|
|Sale Terms:||Cash to Seller|
Overview / Comments
A Neighborhood Shopping Center Anchored by Food City with a Fuel Center to be built. Property is 100% Leased. Sales price of $4,200,000 is a CAP Rate of 7.82%.
NOTE: This property may be purchased together with Soddy Daisy Plaza (Food City Anchor), located in Soddy Daisy, TN at a combined sales price of $8,700,000 and a combined CAP Rate of 8.2%.
Traffic Count: 24,653 vehicles per day on APD-40.
Located at the intersection of APD-40 and Dalton Pike SE (Hwy 60) across from Walmart.
Directions:I-75 North toward Knoxville. Take exit 20 toward US-64 E/Cleveland. Turn right. Merge onto US-74 E. Turn right. Destination on the left.
|Taxing Authority:||Bradley County|
|Tax ID/APN:||066H A 002.01|
|Property Located Between:||APD-40 and Dalton Pike SE (Hwy 60)|
|Largest Nearby Street:||APD 40 - I-75|
|Highway Access:||APD-40 and Dalton Pike SE (Hwy 60), I-75|
|Area Description:||Local shopping & retail at Bradley Square Mall and Wal-Mart shopping centers, as well as various neighborhood strip centers are within the general marketing area.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Heat Type:||Natural Gas|
|Heat Source:||Ceiling Units|
|Air Conditioning:||Package Unit|
|Legal Description:||Harle Hgts Add Lot 6 & Part of Lots 2,3,4,5,7,8 & 10 Deed Acres 5.73|
|Proximity:||1 mile||3 miles||5 miles|
William B Raines Jr.The Raines Group, Inc. Greater Chattanooga REALTORS® Member
Richard J HowardThe Raines Group, Inc. Greater Chattanooga REALTORS® Member
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