7308 Shallowford Rd | Chattanooga, TN 37421
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7308 Shallowford Rd
Chattanooga, TN 37421
Retail Property For Sale
Executive Summary
Fletcher Bright Realty is pleased to offer this rare opportunity to own a value-add investment in Chattanooga, TN’s strongest retail sector. Located just off of the I-75 exit to Shallowford Road, the Property benefits from 20,000+ VPD, ensuring any business owner all the traffic and visibility their business can handle. The property features large storefront windows, ample parking, and a versatile open floor plan that can be customized to suit various business needs. Currently occupied by a strong tenant with substantially below market rents, making this the perfect value-add retail investment for the savvy investor. Whether you're looking to expand your business or invest in a thriving retail location, this property offers a great opportunity in Chattanooga's fastest growing suburban market.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,800 SF
Building Class
B
Year Built
2018
Price
$1,850,000
Price Per SF
$385
Cap Rate
5.51%
NOI
$101,875
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.37 AC
Zoning
C-2 - Commercial Zoning
Parking
15 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Tenant Controlled HVAC
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $2,085,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,085,800
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