306 Cherokee Blvd 7,000 SF 100% Leased Retail Building Chattanooga, TN 37405 $4,998,000 ($714/SF) 5.46% Cap Rate
INVESTMENT HIGHLIGHTS
- 7,000 Square Feet
- Located in the Northshore, downtown’s busiest retail hub
- AADT of 16,000 VPD on Cherokee Blvd
- Tenants have taken possession of the space w/ Chase to be open in Q4 2024 and AFC to be open in Q1 2025
- Fully-occupied
- .6 acre lot
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
7,000 SF
Building Class
B
Year Built
2025
Price
$4,998,000
Price Per SF
$714
Cap Rate
5.46%
NOI
$272,800
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.45 AC
Zoning
E-CX-4
Parking
24 Spaces (3.43 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Health Care and Social Assistance
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
Starting with a single location in Alabama in 1982, American Family Care (AFC) has pioneered the concept of non-emergency room urgent care. With its 2013 acquisition of the Doctors Express franchise, AFC is the nation’s leading provider of urgent care and accessible primary care with 500 in-network physicians caring for more than 2 million patients a year. Ranked by Inc. Magazine as one of the fastest growing companies in the U.S., AFC’s stated mission is to provide the best healthcare possible, in a kind and caring environment, while respecting the rights of all patients, in an economical manner, at times and locations convenient to the patient.
- JP Morgan Chase
- Finance and Insurance
-
99,999 SF
- -
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Health Care and Social Assistance | 99,999 SF | - | Lorem Ipsum | Jan 0000 | |
| JP Morgan Chase | Finance and Insurance | 99,999 SF | - | Lorem Ipsum | - |
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 135F-F-005 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $477,960 |
