5559 Little Debbie Pkwy

Retail-Commercial for Sale
Catylist Listing ID: 30073282
Property Subtypes: Restaurant
Condo? Yes
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $1,100,000
Property Use Type: Net Leased Investment (NNN)
Usable Size (USF): 3,840 SF
Sale Terms: Cash to Seller
Cap Rate: 5.6%
Average Occupancy Rate: 100
Last Updated: 7/9/2018

Overview / Comments

Net leased, end-cap condominium unit is available in the Ooltewah/Collegedale market. The property is leased to a fast, casual eaterie the fastest growing segment in the food industry. Tenant, El Jinete is an experienced regional operator that professionally manages about 21 restaurants across several brand names. The restaurant attracts every demographic and has been successful at this site since the day it opened. Tenant did about $100K of interior improvements at the outset.
Two years remain on the initial term and there are two 5-yr. renewal options. Base rent has annual escalators.
The interior is approximately 3,000SF with an additional 840' of covered outdoor seating on a gated patio. There is also a drive-thru window with separate drive.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033131 09103P000
Is Condo?: Yes
Zoning: C-2
Retail Clientele: General, Family, Business, Traveler
Property Visibility: Excellent
Largest Nearby Street: Lee Hwy
Highway Access: Quick access to Lee Highway, Apison Pike and I-75 ramp.
Site Description: The level site shares an access drive to/from Little Debbie Parkway with adjacent Urgent Care center.
Area Description: The property is located within 4.5mi of the thousands of employers at Enterprise South Industrial Supersite, the FedEx Distribution Center. McKee Foods HQ and Southern Adventist University.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Year Built: 2015
Roof Type: Flat
Exterior Description: Stone Creek Center building has a stacked stone and Hardie plank exterior.
Parking Type: Surface
Parking Description: Plentiful, undesignated parking is available on three sides of the building.
Sprinklers: Wet
Interior Description: The interior was fitted to suit tenants' needs with the addition of stacked stone and granite surfaces to create an upscale, inviting atmosphere.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,336 22,516 59,764
Median Age: 37.06 40.31 39.48
Households: 1,331 8,324 22,188

Contact

Photograph of Listing Agent

Jelena Butler

Better Homes and Gardens Real Greater Chattanooga REALTORS® Member
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