306 Cherokee Blvd - Bank FOR SALE


Chattanooga, TN 37405- North Chattanooga-Hill City-UTC
$4,998,000 USD
615-714-6378
306 Cherokee Blvd, Chattanooga, TN for Sale
$4,998,000 USD
Bank - FOR SALE
1/9
null | 5.46% Cap Rate

306 Cherokee Blvd
Chattanooga, TN 37405
North Chattanooga-Hill City-UTC


HIGHLIGHTS

  • 7,000 Square Feet
  • Tenants have taken possession of the space w/ Chase to be open in Q4 2024 and AFC to be open in Q1 2025
  • Located in the Northshore, downtown’s busiest retail hub
  • Fully-occupied
  • AADT of 16,000 VPD on Cherokee Blvd
  • .6 acre lot

OVERVIEW

SVN Second Story is pleased to exclusively offer the sale of a fully leased multi-tenant building including Chase Bank and AFC Urgent Care in Chattanooga, TN. This exceptional investment opportunity features a 7,000 square foot office building and offers prime space in the Northshore, which is downtown’s busiest retail hub. The Premises are NNN leased to corporate JP Morgan Chase Bank for a 15-year initial term and a 10-year term to AFC Urgent Care. This property boasts a highly visible location with an average daily traffic of 16,000 vehicles on Cherokee Blvd, attracting attention from plenty of local residents. Situated on a .6 acre lot with ample parking, this property presents an ideal prospect for investors seeking a valuable addition to their portfolio. Chattanooga has a population of 185,125 and is the fourth largest city in the state (after Nashville, Memphis and Knoxville). It is the second fastest growing city (second to Nashville) with a population growth rate of 0.98%. The space will be delivered to tenants by late summer 2024 with expected occupancy by end of Q4 2024.

FOR SALE DETAILS

PRICE

$4,998,000 USD

PRICE/SF

$714 USD /SF

CAP RATE

5.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

E-CX-4

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kelly FitzgeraldSVN | Second Story Real Estate ManagementMore Info
615-714-6378

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Kelly FitzgeraldSVN | Second Story Real Estate ManagementMore Info
615-714-6378

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