Popeyes | 6105 Ringgold Rd
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Popeyes 6105 Ringgold Rd
2,380 SF Retail Building Chattanooga, TN 37412 $2,075,000 ($872/SF)
Investment Highlights
- 2015 Built Second Generation Free Standing Restaurant with Drive Thru
- High Traffic Counts and Close to I-75 (97,613 VPD) & I-24 (102,680 VPD)
- The building and property are in very good condition
- Direct Frontage on Ringgold Road Main Corridor (26,664 VPD)
- Adjacent to Traffic Signal Intersection of Ringgold Road and Spring Creek
- Average household income $65,000.00 within 5 mile-radius
Executive Summary
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
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
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,380 SF
Building Class
B
Year Built
2015
Price
$2,075,000
Price Per SF
$872
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.92 AC
Zoning
C
Parking
35 Spaces (14.71 Spaces per 1,000 SF Leased)
Frontage
140 FT on Ringgold Road
Amenities
- 24 Hour Access
- Bus Line
- Fenced Lot
- Pylon Sign
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Accent Lighting
- Recessed Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 169L-F-043 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $458,120 |
PROPERTY TAXES
Parcel Number
169L-F-043
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$458,120
-
Power Broker Louie Granteed -
Tobin Real Estate, Inc.
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Popeyes | 6105 Ringgold Rd
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