PRICE REDUCED - Sequoyah Crossing Shopping Center

Retail-Commercial for Sale
Catylist Listing ID: 30211578
Building Size (RSF): 37,200 SF
Gross Building Area: See Agent
Gross Land Area: 10.80 Acres
Sale Price: $2,812,000
Unit Price: $75.59 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 12/11/2018

Overview / Comments

***PRICE REDUCED FOR SECOND TIME***

Priced to Sell for Year End Buyers!
Sequoyah Crossing shopping center is a 37,500 sf multi tenant retail center located in Soddy Daisy, TN. The shopping center is anchored by Tractor Supply Company and is 100 % leased. 85% of the leases are to national credit tenants. Only one lease expires prior to 2021.

Sequoyah Crossing is approx 15 minutes from downtown Chattanooga on Hwy 27. The center has excellent visibility and access to Hwy 27 with 29,000+ VPD.

Marketing package and survey attached.

Current Tenants

Tenant Business Name Tractor Supply Co.
Is Renting? Yes
SF of Space Occupied 29,000 SF
Tenant Business Name ATI Physical Therapy
Suite Number 2,656
Tenant Business Name Cork & Flask
SF of Space Occupied 3,342 SF
Tenant Business Name Dickey's BBQ
Is Renting? Yes
SF of Space Occupied 1,200 SF
Tenant Business Name Style N Go
Is Renting? Yes
SF of Space Occupied 1,020 SF

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 057-099
Property Visibility: Excellent
Tenancy: Multiple Tenants
Year Built: 1995
Year Renovated: 2006
Exterior Description: New roof on Tractor Supply Co space in 2017.
Parking Type: Surface
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 16,992 36,431
Median Age: 39.52 40.82
Households: 6,592 14,031

Contact

Photograph of Listing Agent

Chad Wamack

NAI Charter Real Estate Corp. Greater Chattanooga REALTORS® Member
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