For Sale
$1,850,000
7308 Shallowford Rd Chattanooga, TN 37421
High-yield retail property, strong tenant, value-add potential.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
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
Nearby Similar for Sale
FAQs
- What type of property is this?
- Lifestyle center - High-yield retail property, strong tenant, value-add potential.
- Where is the lifestyle center located?
- The property is located at 7308 Shallowford Rd Chattanooga, TN.
- What is the asking price?
- The asking price for this property is $1,850,000.
- What are key features of this property?
- This property features: $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.
- 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 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 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].
