2035 Dayton Blvd - Freestanding FOR SALE


Chattanooga, TN 37415- Red Bank
$1,560,000 USD
678-787-5019
2035 Dayton Blvd, Chattanooga, TN for Sale
$1,560,000 USD
Freestanding - FOR SALE
1/7
null | 7% Cap Rate

2035 Dayton Blvd
Chattanooga, TN 37415
Red Bank


HIGHLIGHTS

  • Long-Term Occupancy & Recently Exercised 5-Year Option
  • 1.03 Acre Hard Corner Site
  • Excellent Real Estate with multiple access points in a trade area with zero relocation options
  • Family Dollar has occupied the property since 2012 and recently exercised its first of four 5-year options.
  • Lease has 10% increases every 5-years for the remaining option terms.
  • Landlord responsibilities are limited to only roof and structure thus providing ease of management.

OVERVIEW

Introducing a prime investment opportunity in Red Bank, TN (Chattanooga MSA). NNN single-tenant property featuring a Corporate Lease with Family Dollar, a renowned retailer with a strong investment-grade credit rating. Situated on a spacious 1.03-acre hard corner site, this property boasts a long-term occupancy with a recently exercised option. 11 year operating history in this location. There are no realistic relocation options in the market for Family Dollar to relocate to making this a very strong long term investment! This family-friendly retailer, Family Dollar, operates over 16,000 stores nationwide and offers an array of essential merchandise at budget-friendly prices for the whole family. With consistent rent increases and limited landlord responsibilities, this property provides a secure income stream for investors. Located in the growing Chattanooga MSA, this tax-free state investment promises stability and growth potential.

FOR SALE DETAILS

PRICE

$1,560,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Recently Exercised Option

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

58317988 0

APN/PARCEL ID

126C-F-019.01

ASK ABOUT THIS PROPERTY

Hunter MyersSVN | Second Story Real Estate ManagementMore Info
678-787-5019

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Hunter MyersSVN | Second Story Real Estate ManagementMore Info
678-787-5019

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.