This exceptional 10,540 square foot flex space, located at 6513 Lee Hwy in Chattanooga, Tennessee, presents a compelling investment opportunity. The property, built in 1994 and 1998 with renovations in 2005, is currently under a net lease with a corporate guarantor, Southern Hearth & Patio (owned by Blossman Gas), offering significant financial stability. The lease, commencing March 1, 2022, has a remaining term of approximately 2.3 years with a 5-year renewal option, expiring February 28, 2027. The property boasts a strong pro-forma NOI of $129,302 and is priced at $2,100,000. Features include a covered loading area with a 10x10 roll-up door, rear warehouse ceilings ranging from 14 to 17 feet, and showroom areas with 11-12 foot drop ceilings. Its prime location near Highway 153, I-75, and Lee Highway ensures high visibility and accessibility. The single-story building offers versatile usage potential, including single-tenant retail with warehouse space, owner-occupancy, flex warehouse, or multi-tenant retail/flex configurations. This is an ideal investment for both owner-users and investors seeking a secure, credit-worthy tenant and limited landlord responsibilities. The property's history as a successful retail space with additional warehouse capacity makes it a highly attractive asset in a high-demand area.
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Cullon Hooks
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6513 Lee Hwy, Chattanooga, Tennessee, 37421
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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6513 Lee Hwy
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