3435 Rhea County Hwy - Fast Food FOR SALE


Dayton, TN 37321
$2,368,647 USD
818-867-9037
3435 Rhea County Hwy, Dayton, TN for Sale
$2,368,647 USD
Fast Food - FOR SALE
1/6
null | 6.65% Cap Rate

3435 Rhea County Hwy
Dayton, TN 37321


HIGHLIGHTS

  • Absolute Net Lease: No landlord responsibilities
  • Corporate Lease: Bojangles’ Restaurants, Inc.
  • Excellent Accessibility and Visibility: Located on Rhea County Highway with 20,352 vehicles per day, the main route connecting Dayton to Chattanooga
  • Strategic Location: Positioned between Lowe’s and Walmart Supercenter, ensuring high traffic as Dayton residents pass by Bojangles’
  • Attractive Rental Increases: 1.25% annual increase throughout the initial term and renewal options
  • Market Niche: The nearest Bojangles' is 19.6 miles away, filling a void in the local market

OVERVIEW

Just Reduced. Kidder Mathews is pleased to offer the opportunity to acquire this investment property that is 100% leased by Bojangles (Tenant") at 3435 Rhea County Highway, Dayton, TN 37321 ("Property"). This opportunity consists of a freestanding single-tenant property with 7.5 years left on the base term. This property is Absolute NNN, which allows for a truly passive ownership. The property is located on a large parcel with 4 convenient points of access and great visibility. It is located within close proximity to several destination retailers such as Walmart Supercenter, Lowe’s, Tractor Supply, Dollar General, Sherwin Williams, McDonald’s, Wendy’s, Burger King, Zaxby’s, Arby’s and others.

FOR SALE DETAILS

PRICE

$2,368,647 USD

PRICE/SF

$611 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

C

APN/PARCEL ID

04-096-096-085.01,102-126.00

ASK ABOUT THIS PROPERTY

Jeremy BenloulouKidder MathewsMore Info
818-867-9037

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Jeremy BenloulouKidder MathewsMore Info
818-867-9037

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