For Sale
$6,599,000

1309 Panorama DrChattanooga, TN 37421

Chattanooga, TN Shopping Center - 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A shopping center, the Pavilion at Panorama, presents a compelling investment opportunity in Chattanooga, Tennessee. Located at 1309 Panorama Dr, in the desirable East Brainerd area, this single-story, 21,671 square foot building sits on a 3.03-acre lot and boasts 100% occupancy across its ten tenant spaces. Built in 2012, the property features a diverse mix of medical, retail, and financial tenants, all under modified leases with rent bumps included. The property enjoys a prime location just off I-75, benefiting from high traffic counts. With 110 parking spaces and handicap accessibility, the Pavilion at Panorama offers convenience and accessibility for both tenants and customers. The property's strong financial performance is highlighted by a 7.14% cap rate and a net operating income (NOI) of $470,850, making it an attractive investment with a solid return. The asking price is $6,599,000, translating to $304.51 per square foot. The property is zoned C-2 and features high-efficiency components. This turn-key investment is ready for a new owner. The Hamilton County location and strong tenant base ensure a stable and profitable investment for years to come.

Property Details for 1309 Panorama Dr

Property type
Lifestyle centers, Power centers
Square Feet
21,671 SF
Class
A
Year Built
2012
Buildings
1
Stories
1
Lot Size (sq. ft)
131,987 SF
Units
10

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0174815
Longitude
-85.1696867
1309 Panorama Dr, Chattanooga, Tennessee

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1309 Panorama Dr
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