5513 Tn-153Chattanooga, TN 37343

This exceptional multi-tenant retail property, located at 5513 TN-153 in Chattanooga, Tennessee (37343), presents a compelling investment opportunity. The 15,282 square foot building, constructed in 2021, sits on a 1.97-acre lot and boasts 86 parking spaces. Currently 100% occupied, the property features a diverse tenant mix including Starbucks (with a drive-thru), T-Mobile, and other established businesses. The tenants operate under NNN leases, minimizing landlord expenses. The property enjoys a prime location along State Highway 153, a major thoroughfare with high daily traffic volume (51,800 vehicles). Excellent visibility is ensured by significant street frontage and a large pylon sign. Multiple points of ingress and egress enhance accessibility. The property benefits from its position within a dense retail corridor, near several large shopping centers anchored by national retailers like Aldi, Target, and Walmart. The strong demographics of the 5-mile trade area, with approximately 78,500 residents and 28,000 employees, and an average household income exceeding $106,000, further solidify the investment potential. The property is zoned C-2: Convenience Commercial, and the asking price is $8,187,000, representing a cap rate of 6.75% and a Net Operating Income (NOI) of $552,627. The property's APN is 099L E 012, and ownership is Fee Simple (Land & Building).