3435 Rhea County HwyDayton, TN 37321

Property Details for 3435 Rhea County Hwy

Year built

2016

Lot size

1.07 AC

Property size (Sq ft)

3,877 SF

Property type

Drive through restaurants

APN

102 12600

APU

10212600

Description

This exceptional investment opportunity presents a 3,877 square foot, single-tenant Bojangles' restaurant located at 3435 Rhea County Hwy, Dayton, TN 37321. The property boasts an absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. Built in 2017, the building benefits from a 15-year lease (commencing January 27, 2017, and expiring January 31, 2032), with approximately 7.2 years remaining on the base term and attractive 1.25% annual rent bumps. The property sits on a 1.07-acre parcel with excellent visibility and accessibility, situated on a high-traffic roadway (20,352 vehicles daily) connecting Dayton to Chattanooga. Its strategic location between Lowe's and Walmart Supercenter, along with proximity to other major retailers (including McDonald's, Wendy's, Burger King, and more), ensures consistent high traffic. The property also benefits from its proximity to Bryan College and the Nokian Tires factory, contributing to a strong local market. The asking price is $2,369,000, representing a 6.65% cap rate and a NOI of $157,515. This is a truly passive investment opportunity with significant upside potential. The property's location within the Chattanooga MSA further enhances its value and long-term prospects. The current occupancy is 100%.

• CAP approach

  CAP return

  Valuation

  6%

  $1,205,404

  6.5%

  $1,112,680

  7%

  $1,033,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,591,442

  Geo Method

  $1,905,744

• Alternative Use

  Use

  Valuation

  Residential

  $938,587

  Hospitality

  $859,741

  Educational

  $715,294

  Medical

  $739,894

  Retail

  $1,112,680

Location Insight

City

Dayton

County

Rhea

State

Tennessee

Latitude

35.4645

Longitude

-85.0423

CBSA code

19420

CBSA name

DAYTON, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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