8% CAP NNN Bealls Outlet for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30526653
Property Subtypes: Free-Standing Building
Building Size (RSF): 32,000 SF
Gross Land Area: 2.86 Acres
Sale Price: $2,550,000
Unit Price: $79.69 PSF
Has Drive-Thru? Yes
Property Use Type: Net Leased Investment (NNN)
Building Name: 8% CAP Bealls Outlet NNN w/ Value Add
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 9/10/2020

Overview / Comments

True NNN asset adjacent to Walmart, anchored by a very productive Bealls Outlet store which has continually beat sales projections. Value add opportunity to lease the co-anchor space, 20,000 sf.

Current Tenants

Tenant Business Name Bealls Outlet

Additional Details

Nearest MSA: Dalton
County: Whitfield
Tax ID/APN: 12-242-06-006
Retail Clientele: General
Property Located Between: Walnut Avenue
Property Visibility: Excellent
Largest Nearby Street: Walnut Avenue
Site Description: SEE OM
Area Description: SEE OM
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 32,000 SF
Property Condition: Excellent
Year Renovated: 2019
Total Parking Spaces: 104
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,071 34,567 64,708
Median Age: 29.34 30.01 32.64
Households: 2,539 11,024 21,544

Contact

Photograph of Listing Agent

Hunter Myers

Second Story Real Estate Manag Greater Chattanooga REALTORS® Member
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