For Sale
$1,850,000

7308 Shallowford RdChattanooga, TN 37421

High-yield retail property, strong tenant, value-add potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, 4,800 square foot shopping center/storefront/traditional office space is located at 7308 Shallowford Rd, Chattanooga, TN 37421, in Hamilton County. Built in 2018, this fee-simple property sits on a 0.37-acre lot and boasts 23 parking spaces. Currently 100% occupied since March 1, 2021, under a NNN lease with a single tenant, the property offers a 5-year lease (expiring February 28, 2026) with a remaining term of approximately 1.3 years and a 2% annual rent bump. The current NOI is $101,875, yielding a 5.51% cap rate, with a pro-forma NOI of $168,000 and a pro-forma cap rate of 9.08%. The property is zoned C-2 and features large storefront windows, ample parking, and a versatile open floor plan. The lease includes one 3-year renewal option. This value-add investment opportunity presents a significant return potential due to below-market rents. The property's prime location on Shallowford Road, with over 20,000 vehicles passing daily, ensures high visibility and accessibility. Asking price is $1,850,000.

Highlights

  • $1,850,000 asking price for a Class A, 4,800 square foot retail/office building.
  • Value-add investment opportunity with a 5.51% cap rate and a pro-forma cap rate of 9.08%.
  • Located at 7308 Shallowford Rd, Chattanooga, TN 37421, in a high-traffic area with 20,000+ vehicles per day.
  • Currently 100% occupied with a single tenant under a NNN lease expiring February 28, 2026, with a 3-year renewal option.
  • Features 23 parking spaces, 0.37 acres of land, and is zoned C-2.
  • Building was constructed in 2018.

Property Details for 7308 Shallowford Rd

Property type
Lifestyle centers, Power centers
Square Feet
4,800 SF
Class
A
Year Built
2018
Lot Size (sq. ft)
16,117 SF

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.04125295943
Longitude
-85.152766593688
7308 Shallowford Rd, Chattanooga, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7308 Shallowford Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message