2035 Dayton BlvdRed Bank, TN 37415

For Sale
$1,600,000
High-yield Family Dollar NNN lease in Chattanooga

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional investment opportunity presents a single-tenant, Class A, 8,320-square-foot Family Dollar store located at 2035 Dayton Blvd, Chattanooga, TN 37415. The property sits on a 1.03-acre lot and benefits from a strong, long-term NNN lease with a highly-rated tenant. Family Dollar, a well-established retailer with over 16,000 stores nationwide, recently exercised a lease option, extending their occupancy through September 30, 2028 (3.9 years remaining). The lease includes 10% rent increases every five years for the remaining option periods. The property boasts a 6.82% cap rate and a current NOI of $109,200, with an asking price of $1,600,000. Built in 2012, this one-story building is zoned C-2 and offers a secure income stream with minimal landlord responsibilities (roof and structure only). Situated in the growing Chattanooga MSA, this investment benefits from a tax-free state environment and a prime location with multiple access points and no realistic relocation options for the tenant. The property has been operating successfully at this location since 2012. This is a rare opportunity to acquire a stable, high-performing retail asset with a strong tenant and significant growth potential.

Property Details for 2035 Dayton Blvd

Property type
Retail properties, Retail space
Square Feet
8,320 SF
Class
A
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
44,867 SF

Location Insight

City
Red Bank
County
Hamilton
State
Tennessee
Latitude
35.090930319535
Longitude
-85.310924540445
2035 Dayton Blvd, Red Bank, Tennessee

FAQs

What type of property is this?
Retail property - High-yield Family Dollar NNN lease in Chattanooga
Where is the retail property located?
The property is located at 2035 Dayton Blvd Red Bank, TN.
What is the asking price?
The asking price for this property is $1,600,000.
How can I contact the broker?
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2035 Dayton Blvd
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