For Sale
$375,000

3950 Brainerd Rd Chattanooga, TN 37411

Net-leased restaurant, 8% cap rate

Overview

Added:
Dec 11, 2024
Days on market:
134
This Chattanooga, TN, freestanding restaurant building presents a compelling net-lease investment opportunity. Located at 3950 Brainerd Rd, this 2,014 square foot, single-tenant property boasts a strong 3-year lease (commencing February 1, 2024, and expiring February 28, 2027), offering immediate income and built-in rent increases of 3% annually. The property, built in 1942 and renovated in 2015, sits on a 0.77-acre lot and is zoned C-2. The current tenant, responsible for most maintenance, is operating a restaurant in the space. The asking price is $375,000, representing a pro-forma cap rate of 8% and a price per square foot of $186.20. The property offers ample parking and lease options are available. This is a turnkey investment with a guaranteed income stream and significant upside potential. The property features a 100% occupancy rate and a pro-forma NOI of $30,000. The Hamilton County location provides excellent visibility and access. This is a rare opportunity to acquire a well-located, net-leased restaurant with a secure lease and strong financial performance.

Highlights

  • Guaranteed income stream;
  • Three-year, guaranteed lease with 3% annual rent increases and renewal option;
  • Single-tenant, freestanding building with ample parking;
  • 2,014 square foot restaurant/storefront in Chattanooga, TN;
  • 8% pro-forma cap rate;
  • $375,000 asking price, $186.20/SF.

Property Details for 3950 Brainerd Rd

Property type
Retail properties, Restaurants
Square Feet
2,014 SF
Class
C
Year Built/Renovated
1942/2015
Buildings
1
Lot Size (sq. ft)
33,541 SF
Units
1

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.019742496827
Longitude
-85.240241959492

FAQs

What type of property is this?
Retail property - Net-leased restaurant, 8% cap rate
Where is the retail property located?
The property is located at 3950 Brainerd Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Guaranteed income stream;; Three-year, guaranteed lease with 3% annual rent increases and renewal option;; Single-tenant, freestanding building with ample parking;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3950 Brainerd Rd
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