3950 Brainerd RdChattanooga, TN 37411

Property Details for 3950 Brainerd Rd

Year built

1942

Lot size

0.64 AC

Property size (Sq ft)

2,014 SF

Zone code

C2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

157H K 009

APU

157HK009

Description

This Chattanooga, TN, freestanding restaurant building presents a compelling net-lease investment opportunity. Located at 3950 Brainerd Rd, this 2,014 square foot, single-tenant property boasts a strong 3-year lease (commencing February 1, 2024, and expiring February 28, 2027), offering immediate income and built-in rent increases of 3% annually. The property, built in 1942 and renovated in 2015, sits on a 0.77-acre lot and is zoned C-2. The current tenant, responsible for most maintenance, is operating a restaurant in the space. The asking price is $375,000, representing a pro-forma cap rate of 8% and a price per square foot of $186.20. The property offers ample parking and lease options are available. This is a turnkey investment with a guaranteed income stream and significant upside potential. The property features a 100% occupancy rate and a pro-forma NOI of $30,000. The Hamilton County location provides excellent visibility and access. This is a rare opportunity to acquire a well-located, net-leased restaurant with a secure lease and strong financial performance.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0195

Longitude

-85.2409

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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