For Sale
$2,369,000

3435 Rhea County Hwy Dayton, TN 37321

High-traffic, absolute NNN Bojangles'

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 3,877 square foot, single-tenant Bojangles' restaurant located at 3435 Rhea County Hwy, Dayton, TN 37321. The property boasts an absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. Built in 2017, the building benefits from a 15-year lease (commencing January 27, 2017, and expiring January 31, 2032), with approximately 7.2 years remaining on the base term and attractive 1.25% annual rent bumps. The property sits on a 1.07-acre parcel with excellent visibility and accessibility, situated on a high-traffic roadway (20,352 vehicles daily) connecting Dayton to Chattanooga. Its strategic location between Lowe's and Walmart Supercenter, along with proximity to other major retailers (including McDonald's, Wendy's, Burger King, and more), ensures consistent high traffic. The property also benefits from its proximity to Bryan College and the Nokian Tires factory, contributing to a strong local market. The asking price is $2,369,000, representing a 6.65% cap rate and a NOI of $157,515. This is a truly passive investment opportunity with significant upside potential. The property's location within the Chattanooga MSA further enhances its value and long-term prospects. The current occupancy is 100%.

Highlights

  • Absolute NNN lease with no landlord responsibilities.
  • Bojangles' corporate guaranteed lease.
  • 2017-built, 3,877 SF building.
  • High-traffic location (20,352 VPD) on Rhea County Hwy, Dayton, TN.
  • 1.07-acre parcel between Lowe's and Walmart.
  • 1.25% annual rent increases.

Property Details for 3435 Rhea County Hwy

Property type
Retail properties, Restaurants
Square Feet
3,877 SF
Year Built
2017

Location Insight

City
Dayton
County
Rhea
State
Tennessee
Latitude
35.4644558
Longitude
-85.0423852

FAQs

What type of property is this?
Retail property - High-traffic, absolute NNN Bojangles'
Where is the retail property located?
The property is located at 3435 Rhea County Hwy Dayton, TN.
What is the asking price?
The asking price for this property is $2,369,000.
What are key features of this property?
This property features: Absolute NNN lease with no landlord responsibilities.; Bojangles' corporate guaranteed lease.; 2017-built, 3,877 SF building.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3435 Rhea County Hwy
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