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