Northshore Restaurant for Lease

Retail-Commercial for Lease
Catylist Listing ID: 30522568
Property Subtypes: Free-Standing Building, Restaurant, Street Retail, Tavern/Bar/Nightclub
Contiguous Space: 1,900 SF
Gross Building Area: 1,900 SF
Lease Rate: $3,500 (Monthly)
$22.11 PSF (Annual)
Lease Types: Modified Gross
Last Updated: 3/13/2020

Overview / Comments

LOCATION, LOCATION, LOCATION!!!!

This building is in the heart of Northshore with ample free parking. The building is free standing and sits on the corner of Kent St and Velma St behind The Big Chill. There is a total of 1900 SF of interior and covered patio space along with a drive through window. The patio space has the ability to be enclosed allowing it to be utilized year round. The monthly rent includes all the restaurant equipment, furniture and fixtures. It is MOVE IN READY. Across the street along Cherokee Blvd there is a $14 million dollar mixed use development with 84 apartment units and ground level retail, restaurant space, and a Starbucks. Down the road two apartment buildings are under construction with one bringing 185 units and the other 58 units to the market. Add in the apartment building upon which the property is located along with the gym 24/7, Publix and Walgreens and you have tremendous foot traffic and a captive audience from which to draw customers.

Expand All Available Space

Suite: N/A 1,900 SF $3,500 (Monthly) Modified Gross
Space Available: 1,900 SF
Lease Rate: $3,500 (Monthly)
$22.11 PSF (Annual)
Lease Type: Modified Gross
Date Available: 11/1/2019
Space Type: Relet
Rent Escalators Percentage Lease
Rent Escalators Description 3% annual increases in rent

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033135E A 01700
Retail Clientele: General, Family, Business, Traveler
Property Located Between: Cherokee and Kent
Property Visibility: Excellent
Largest Nearby Street: Cherokee Blvd - one block
Highway Access: .5 miles to I-27 off Manufacturers Rd
Area Description: This area, sitting on the north shore of the Tennessee River, has everything from understated luxury homes in historic neighborhoods to contemporary new homes and everything in between. Its central location, sought-after magnet schools, proximity to Coolidge and Renaissance Parks, and tons of shops, restaurants, and businesses make this a popular part of town.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,568 51,373 126,693
Median Age: 33.92 34.82 37
Households: 2,856 21,274 53,011

Contact

Photograph of Listing Agent

Anne L Najjar

Century 21 Prestige Greater Chattanooga REALTORS® Member
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