678-808-2821
4428 Highway 58, Chattanooga, TN for Sale
Fast Food - FOR SALE
1/2
null | Request Cap Rate

4428 Highway 58
Chattanooga, TN 37416
Bonny Oaks-Highway 58


HIGHLIGHTS

  • Rare opportunity to acquire a ready-to-go fast food/QSR property
  • The property is a prominent position less than half a mile from Hwy 153, surrounded by Food City, Plaza 58 Shopping Center, Rite Aid, and many others
  • The location feature significant street frontage, drive-thrus, ample parking, signage, and multiple points of ingress & egress
  • The property can be repurposed for various commercial uses beyond restaurants

OVERVIEW

STRONG REAL ESTATE FUNDAMENTALS Rare opportunity to acquire two, ready-to-go fast food/QSR properties The property is a prominent position less than half a mile from Hwy 153, surrounded by traffic generators including Food City, Plaza 58 Shopping Center, Rite Aid, and many others The location features significant street frontage, drive-thrus, ample parking, signage, and multiple points of ingress & egress The property can be repurposed for various commercial uses beyond restaurants CHATTANOOGA ADVANTAGE Nicknamed the Scenic City, Chattanooga is the 3rd largest city in Tennessee Low retail vacancy of 3.0%, with rents increasing at approximately 4.3% in the past 12 months, according to CoStar data Metro population of ±559,860, and ±187,030 in the City of Chattanooga with population growth of 3.3% since 2020 (Census.gov) Chattanooga has benefited from more than $14 billion in new business investment since 2008 The region’s $43.9 billion economy encompasses major industry clusters in advanced manufacturing, automotive production, health services, textile production, transportation and logistics, as well as food and beverage production Chattanooga has become what CNBC called a “manufacturing magnet” Approximately 31,200 workers are employed in manufacturing jobs in the Chattanooga metro area The city is home to major employers contributing to economic stability and employment opportunities Amazon Fulfillment Center: Chattanooga is home to an Amazon facility, contributing to the region’s job market Erlanger Health System: One of the largest health systems in the region, providing employment opportunities in healthcare Volkswagen Chattanooga: A major automotive manufacturing plant, employing several thousand workers

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Available QSR

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

Commercial

APN/PARCEL ID

129H-G-004

ASK ABOUT THIS PROPERTY

Jared KayeMatthews Real Estate Investment ServicesMore Info
678-808-2821

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Jared KayeMatthews Real Estate Investment ServicesMore Info
678-808-2821

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