3715 Ringgold RdEast Ridge, TN 37412

This exceptional investment opportunity presents the Osborne Shopping Center, a landmark retail property in East Ridge, Tennessee. Located on 12 acres at 3715 Ringgold Rd, this 139,186 square foot shopping center boasts five buildings, 475 parking spaces, and over 2200 feet of road frontage on heavily trafficked Ringgold Road (estimated 21,000 AADT). Currently operating at 75% occupancy, the center features a diverse tenant mix including restaurants, a fitness center, an animal hospital, automotive businesses, and various retail shops. The property is zoned C-2 and offers significant upside potential in a rapidly growing area. Its prime location provides easy access to downtown Chattanooga via the nearby East Ridge Tunnel. The asking price is $15,500,000, representing a 4.00% cap rate and a price per square foot of $111.36. The property includes multiple parcels (APN: 033168D F 00200P000 and others specified in the marketing materials), with portions situated within the East Ridge Border Region Incentive Area. Further details regarding the Border Region Incentive and included parcels are available from the City of East Ridge. This NNN-leased, multi-tenant shopping center represents a compelling investment opportunity in a thriving Tennessee market. The property has been a community staple since 1950.