6105 Ringgold Rd - Freestanding FOR SALE


Chattanooga, TN 37412
$2,075,000 USD
954-868-4163
6105 Ringgold Rd, Chattanooga, TN for Sale
$2,075,000 USD
Freestanding - FOR SALE
1/26
null | Request Cap Rate

6105 Ringgold Rd
Chattanooga, TN 37412


HIGHLIGHTS

  • 2015 Built Second Generation Free Standing Restaurant with Drive Thru
  • Direct Frontage on Ringgold Road Main Corridor (26,664 VPD)
  • High Traffic Counts and Close to I-75 (97,613 VPD) & I-24 (102,680 VPD)
  • Adjacent to Traffic Signal Intersection of Ringgold Road and Spring Creek
  • The building and property are in very good condition
  • Average household income $65,000.00 within 5 mile-radius

OVERVIEW

Tobin Real Estate is pleased to exclusively represent the seller in the sale of 6105 Ringgold Road, East Ridge, Tennessee (Chattanooga) 37214, a free standing and equipped second generation QSR restaurant with drive through in a highly desirable location. This is a Former Popeye’s Chicken with 140 feet of fantastic frontage, and visibility, excellent ingress and egress, great signage and high traffic counts at the traffic signal of Ringgold Road and Spring Creek Road. This asset generates a separate annual income from Billboard income. The property is a 0.88-acre parcel of land with a 2,380 S.F. building with an existing drive through. The State of Tennessee has no State Income Tax. The property is strategically located in the heart of East Ridge on the main corridor of Ringgold Road, which is positioned in the Chattanooga MSA, which benefits from 137,000 full-time residences with an average household income exceeding $65,000.00 annually within a 5-mile radius and over 550,000 annual visitors being minutes from the Chattanooga Airport. It’s ideally positioned off I-75 (97,613 VPD) that intersects with I-24 (102,680 VPD) and exits onto Ringgold Road (26,664 VPD) all of which serve the greater Chattanooga Metro area. The property is surrounded by multiple traffic drivers and national tenants, including Downtown Chattanooga, Chattanooga Airport, Top Golf, Bass Pro Shop, Walmart Supercenter, Costco, Twin Peaks, Camping World, Food City, Southern Honda Motorsports, Chic-fil-A, Lookout Mountain, Walgreen’s, Taco Bell, Mc Donald’s, AMC Chattanooga 18, Historic District, Parkridge Hospital, United States Post Office, as well as many more. • Built 2015 • Lot Size: 0.88 Acres • GLA 2,380 S.F. • Ringgold Road Main Corridor • Very good condition • Free standing QSR with drive through • Second Generation Restaurant (Equipped) • Direct frontage on Ringgold Road at intersection of Spring Creek Road • Easy ingress and egress • Over 26,664 VPD on Ringgold Road, I-75 (97,613 VPD) and I-24 (102,680 VPD) • Pylon signage and ample parking • Average Household Income within 5-mile radius $65,000.00 • 137,000 full-time residences within 5-mile radius • Property can be repurposed for other commercial uses • Multiple traffic drivers in immediate area

FOR SALE DETAILS

PRICE

$2,075,000 USD

PRICE/SF

$872 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Popeyes

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

C

APN/PARCEL ID

169L-F-043

ASK ABOUT THIS PROPERTY

Louie GranteedTobin Real Estate, Inc.More Info
954-868-4163

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Louie GranteedTobin Real Estate, Inc.More Info
954-868-4163

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