For Sale
$1,880,000

3334 Broad StChattanooga, TN 37408

High-yield Dunkin', 13+ years remaining.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple Dunkin' located at 3334 Broad St, Chattanooga, TN 37408. The property boasts a 2,000 square foot, single-tenant building constructed in 2020, featuring a drive-thru and situated on a 0.5-acre lot. Benefitting from a high-traffic location on Broad Street (24,000+ vehicles per day), this property enjoys strong retail synergy with nearby national brands including Publix, Wendy's, and Walgreens. The 15-year absolute NNN lease (with four 5-year options) commenced February 1, 2023, and includes 8% rent bumps every five years, providing inflation protection. The current NOI is $94,000, representing a 5.00% cap rate and a price per square foot of $940. The property's prime location is further enhanced by its proximity (0.3 miles) to Chattanooga Christian School, Hamilton County's largest private school (1,400+ students). With over 48,000 people and 19,000 households within a 3-mile radius, this Dunkin' enjoys ideal retail demographics. The property offers five parking spaces. This is a rare opportunity to acquire a well-performing, long-term net lease asset in a thriving market. The building is a single-story structure.

Highlights

  • Strong franchisee guarantee provided by Bluemont Group, the second largest Dunkin' franchisee in the US.
  • Absolute NNN lease; zero landlord responsibilities.
  • Less than half a mile from a 1,400+ student private school.
  • 13+ years remaining on the long-term lease.
  • Fee simple ownership of land and building; depreciable asset.
  • High-traffic location with Broad St frontage (24,000+ vehicles per day).

Property Details for 3334 Broad St

Property type
Retail properties
Square Feet
2,000 SF
Class
B
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
21,780 SF
Units
1

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0166243
Longitude
-85.3223686
3334 Broad St, Chattanooga, Tennessee

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3334 Broad St
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