Net Leased Investment for Sale

Retail-Commercial for Sale
Catylist Listing ID: 30761759
Property Subtypes: Free-Standing Building, Street Retail
Building Size (RSF): 7,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.55 Acres
Sale Price: $700,000
Unit Price: $100 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Cap Rate: 7.8%
Last Updated: 10/18/2021

Overview / Comments

Single tenant net leased investment opportunity available for purchase in Fort Oglethorpe, GA. Located on bustling Battlefield Parkway, the primary traffic and retail corridor for the area, TitleMax is one of the nation's largest title lending companies with over 1,000 locations in 15 states.

TitleMax maintains a solid operating history at this location and its most recent lease extension runs through 12/31/2024. The lease has a five percent (5%) rental increase starting in January 2022, hedging against inflation.

This attractive deal has minimal landlord responsibilities, and the Tenant reimburses the Landlord for property taxes and insurance.

*Buyer to verify zoning, building, and lot square footages.

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Tax ID/APN: 0003D053
Retail Clientele: General, Business
Property Visibility: Excellent
Largest Nearby Street: Battlefield Parkway
Feet of Frontage: 100
Area Description: Battlefield Parkway is the area's primary traffic and retail corridor.
Tenancy: Single Tenant
Property Condition: Good
Year Built: 1983
Construction/Siding: Brick/Aluminum Siding
Parking Type: Structure
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,690 41,806 111,337
Median Age: 36.97 40.08 37.86
Households: 3,666 17,419 45,966

Contact

Photograph of Listing Agent

Andrew D Holt

Healy & Company, LLC Greater Chattanooga REALTORS® Member
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