Hwy 153, Chattanooga
Price:
$7,927,642
Cap Rate:
5.00%
NOI:
$396,382
Building Size:
Approx. 5,464 Sq. Ft.
Lot Size:
Approx. 1.56 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
2023
Investment Overview
- 2023 Construction. 5,464+/- SF Building on 1.56+/- Acre Site
- Brand New 15 Year Corporate NNN Lease w/ 7.5% Rental Increases Every 5 Years
- Excellent Highway Location On Hwy 153 (56K+ VPD) and Surrounded by National Retailers
- Large Format 7-Eleven Featuring Dual Restaurants – Laredo Taco, Raise the Roost Chicken, and 8 MPDs.
- Subject Property Located Approx. 1 Mile from Kordsa – a Global Leader in Aircraft and Auto Tire Reinforcement
- 7-Eleven (S&P Rated A) is the Largest Chain Store Operator in the World
- Chattanooga | Fastest Growing City in Tennessee | Metro Population: 430,000+