Soddy Daisy Plaza

Retail-Commercial for Sale
Catylist Listing ID: 30317326
Property Subtypes: Street Retail, Other
Building Size (RSF): 55,424 SF
Gross Land Area: 5.14 Acres
Sale Price: $4,500,000
Unit Price: $81.19 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: Soddy Daisy Plaza
Sale Terms: Cash to Seller
Cap Rate: 8.54%
Average Occupancy Rate: 100
Last Updated: 3/18/2019

Overview / Comments

A Neighborhood Shopping Center and Anchored by Food City with a Fuel Center. Property is 100% Leased. Sales Price of $4,500,000 is a CAP Rate of 8.54%.

NOTE: This property may be purchased together with Food City Plaza South located in Cleveland, TN (Sales Price of $4,200,000) at a combined sales price of $8,700,000 and a combined CAP Rate of 8.2%.

Traffic Count: 28,698 cars per day at Dayton Pike (Highway 27) and Sequoya Access Road.

Located at the intersection of Dayton Pike and Sequoyah Access Road to Highway 27 (Corridor "J").

Directions: – From I-75 South. Use the right 2 lanes to take exit 4 for TN-153 N toward Chickamauga Dam Airport. Continue onto TN-153 N. Turn right to merge onto US-27 N toward TN-111. Take the Sequoyah Rd exit toward Soddy Daisy. Turn right onto Sequoyah Rd. Turn right. Destination will be on the left.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 057 045
Zoning: COMMERCIAL
Retail Clientele: General
Property Located Between: Dayton Pike and Sequoyah Access Road to Highway 27 (Corridor "J")
Property Visibility: Excellent
Largest Nearby Street: Highway 27
Traffic/Vehicle Count: 28,698
Highway Access: State US Highway 27
Site Description: Level site at key intersection of Dayton Pike & Sequoyah Access Road.
Area Description: Located in the fast growing community of Soddy Daisy, TN, a suburb of Chattanooga, Tennessee. Located within 1/4 mile of State Hwy 27 and Sequoyah Access Road.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 1981
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LT 1 SODDY-DAISY PLAZA REV 35-369 REV 53-323

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,184 15,421 36,247
Median Age: 41.02 39.44 40.91
Households: 484 5,976 13,945

Contact

Photograph of Listing Agent

William B Raines Jr.

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
Photograph of Listing Agent

Tony H Brock

The Raines Group, Inc. Greater Chattanooga REALTORS® Member
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