4417 Highway 58
Chattanooga, TN
Price:
$2794000
Cap Rate:
5.50%
NOI:
$153,635
Building Size:
Approx. 3808 Sq. Ft.
Lot Size:
Approx. 0.98 Acres
Type:
Single-Tenant / Retail
Sub Category:
QSR
Year Built:
2015
Investment Overview
- New Construction | 3,808+/- SF Building on .98+/- Acre Site
- New 15-Year, Absolute NNN lease w/ 7.5% Rent Bumps Every 5-Years
- Located along Highway 58 (36,000 VPD), North of Highway 153 (75,000 VPD)
- Near CVS, Walgreen’s, Verizon, AutoZone, Sonic, Wendy’s, Taco Bell, & McDonald’s
- 6-Mies NE of downtown Chattanooga | 3 Million tourists visit & spend almost $690M downtown each year
- 5-Miles N of Chattanooga Airport | 6-Miles SE of Northgate Mall | 7-Miles NW of Hamilton Place Mall
- Attractions: Tennessee Aquarium | Lookout Mountain | Civil War battlefield sites | The Appalachian Trail
- 3-Miles Est 1,564 Businesses with 20,065 Employees | 5-Mile Average Household Income: $59,176
- Chattanooga is located 2.5-Hours SE of Nashville | City Ranked #1 for social well-beign – Guallup-Healthways poll