5921 Reagan LnOoltewah, TN 37363

Property Details for 5921 Reagan Ln

Year built

2021

Lot size

0.80 AC

Property size (Sq ft)

5,488 SF

Zone code

C3

Property type

Retail properties

Property subtype

Auto shops

APN

132 020.09

APU

13202009

Description

This exceptional investment opportunity presents a 5,157 square foot, single-tenant net lease retail property occupied by Express Oil Change, guaranteed by Mavis Tire. Located at 5921 Reagan Ln, Ooltewah, TN 37363, this new construction building sits on a 0.74-acre lot (APN 132-020.09) and boasts a strong 5.00% cap rate with a current NOI of $154,520. The 15-year lease includes five, five-year renewal options, with rental increases of 7.50% every five years. This absolute NNN lease offers zero landlord responsibilities, making it an ideal passive income investment. The property benefits from its strategic location along US Hwy 64, just off Interstate 75, providing excellent visibility and access to a high volume of traffic (over 34,500 vehicles per day). It's shadow-anchored by a Walmart Supercenter and surrounded by other major national retailers, including Chick-fil-A, Verizon, ALDI, Starbucks, Food City, McDonald's, Panda Express, and Valvoline, indicating a strong retail trade corridor. The surrounding area demonstrates robust demographics, with over 53,334 residents within a 5-mile radius and an average household income exceeding $98,755. The asking price for this turnkey investment is $3,090,000. Mavis Tire, the parent company of Express Oil Change, operates over 1,100 service centers across 27 states, ensuring financial stability and long-term viability. This property is an excellent choice for 1031 exchange investors seeking a low-maintenance, high-return investment.

Location Insight

City

Ooltewah

County

Hamilton

State

Tennessee

Latitude

35.083

Longitude

-85.0631

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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