3334 Broad StChattanooga, TN 37408

Property Details for 3334 Broad St

Year built

2020

Lot size

1.00 AC

Property size (Sq ft)

894 SF

Zone code

M1

Property type

Retail properties

Property subtype

Drive through restaurants

APN

155J G 019.02

APU

155JG01902

Description

This exceptional investment opportunity presents a fee-simple Dunkin' located at 3334 Broad St, Chattanooga, TN 37408. The property boasts a 2,000 square foot, single-tenant building constructed in 2020, featuring a drive-thru and situated on a 0.5-acre lot. Benefitting from a high-traffic location on Broad Street (24,000+ vehicles per day), this property enjoys strong retail synergy with nearby national brands including Publix, Wendy's, and Walgreens. The 15-year absolute NNN lease (with four 5-year options) commenced February 1, 2023, and includes 8% rent bumps every five years, providing inflation protection. The current NOI is $94,000, representing a 5.00% cap rate and a price per square foot of $940. The property's prime location is further enhanced by its proximity (0.3 miles) to Chattanooga Christian School, Hamilton County's largest private school (1,400+ students). With over 48,000 people and 19,000 households within a 3-mile radius, this Dunkin' enjoys ideal retail demographics. The property offers five parking spaces. This is a rare opportunity to acquire a well-performing, long-term net lease asset in a thriving market. The building is a single-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $277,955

  6.5%

  $256,574

  7%

  $238,247

• Comparable approach

  Method

  Valuation

  Relative Method

  $366,972

  Geo Method

  $439,447

• Alternative Use

  Use

  Valuation

  Residential

  $216,429

  Hospitality

  $198,248

  Educational

  $164,940

  Medical

  $170,613

  Retail

  $256,574

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0166

Longitude

-85.3223

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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