For Sale
$2,100,000

6513 Lee HwyChattanooga, TN 37421

10,540 SF Net Leased Industrial/Retail

Overview

Added:
Dec 11, 2024
Days on market:
113
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.

Property Details for 6513 Lee Hwy

Property type
Warehouses, Retail properties
Square Feet
10,540 SF
Year Built/Renovated
1994/2005
Stories
1

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.035759673433
Longitude
-85.177120985927
6513 Lee Hwy, Chattanooga, Tennessee

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6513 Lee Hwy
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