For Sale
$2,750,000

4747 Highway 58Chattanooga, TN 37416

High-yield, triple-net leased retail

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Chattanooga, TN retail property offers a compelling investment opportunity. The property consists of three tenants: a Family Dollar, an urgent care facility, and a luxury beauty supply store, occupying a combined 26,210 square feet on a 2.39-acre lot at 4747 and 4749 Hwy 58, zip code 37416. Currently operating at 100% occupancy, this multi-tenant retail center generates a substantial net operating income (NOI) of $204,466, representing a 7.43% cap rate. The asking price is $2,750,000, translating to $104.92 per square foot. The property benefits from a prime location on a major thoroughfare connecting Georgia and Tennessee, ensuring high visibility and accessibility. Surrounded by residential areas and other established businesses, this investment presents a strong potential for continued growth and return. The versatile space is ideal for a variety of retail ventures, making it an attractive option for savvy investors seeking a stable, high-performing asset in a thriving market. This is a net lease investment, minimizing management responsibilities. The property's strategic location within a densely populated area, combined with its strong tenant mix, makes it a highly desirable investment opportunity.

Highlights

  • High-traffic retail corridor with diverse tenant mix.
  • Excellent accessibility and proximity to a large residential population.
  • Strong demographics with high local and tourist traffic.
  • Strategic location on a major thoroughfare connecting Georgia and Tennessee.
  • High visibility and convenient access for customers.
  • Prime investment opportunity for retail and street retail investors.

Property Details for 4747 Highway 58

Property type
Retail properties, Drug stores
Square Feet
26,210 SF
Lot Size (sq. ft)
104,108 SF

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0878333
Longitude
-85.1901698
4747 Highway 58, Chattanooga, Tennessee

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4747 Highway 58
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