For Sale
$3,713,000

5435 Tn-153Chattanooga, TN 37343

High-yield NNN ground lease investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 2,722 square foot Raising Cane's restaurant located at 5435 TN-153, Chattanooga, TN 37343. The property sits on a 1.39-acre lot with 39 parking spaces and boasts a 15-year absolute NNN lease with four 5-year renewal options, providing significant long-term stability. The lease includes a corporate guarantee from Raising Cane's, ensuring consistent rental income. The property benefits from a prime location near the signalized intersection of State Hwy 153 and North Point Blvd, averaging 52,000 vehicles per day. This high-traffic area is further enhanced by its proximity to Towne Center Plaza, a major shopping center with numerous national retailers. The property is part of a dense retail corridor with significant nearby national tenants, including Aldi, Target, Walmart, Home Depot, and more. Built in 2025, this property offers a 4.35% cap rate with a Net Operating Income (NOI) of $161,500 and an asking price of $3,713,000. The lease features 10% rental increases, minimizing landlord responsibilities and maximizing returns. The property's location in Hamilton County, Tennessee, offers the added benefit of no state income tax. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving retail market with strong demographics and high average household incomes.

Highlights

  • Brand new 15-year corporate lease with renewal options and 10% annual rent increases; built in 2025.
  • Absolute NNN ground lease; owner responsible for land only; no state income tax.
  • High-visibility location directly across from Towne Center Plaza, situated on a hard corner at a signalized intersection on State Hwy 153's retail corridor.
  • Strong demographics within a 5-mile radius, including high average household incomes exceeding $100,000.

Property Details for 5435 Tn-153

Property type
Retail properties, Restaurants
Square Feet
2,722 SF
Year Built
2025
Lot Size (sq. ft)
60,548 SF

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.1396192
Longitude
-85.2490988
5435 Tn-153, Chattanooga, Tennessee

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5435 Tn-153
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