110 W 10th St
Chattanooga, TN 37402
City Center
HIGHLIGHTS
- Rare opportunity to own a corner lot in Chattanooga's downtown core
- Bank of America, NA is rated A+ by S&P and is the second largest bank in the US with roughly $3.5 trillion in assets
- Corporately guaranteed Absolute Net lease provides passive ownership for out of state investor
- 10% rental increases every 5 years provides hedge against inflation
- Fee simple ownership allows for depreciation of the building boosting after tax returns
- Tennessee and it's residents benefit from no state income tax, a business friendly political climate and continued job and population growth
FOR SALE DETAILS
PRICE
$1,200,000 USD
PRICE/SF
$1,230 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Bank of America | Absolute Net & Fee Simple
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1978
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
CROSS STREETS
Carter Street
LAND ACRES
0.27 AC
LAND SF
11,636 SF
ZONING
C3
APN/PARCEL ID
145C-F-001.01
ASK ABOUT THIS PROPERTY
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561-427-6699
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561-427-6699
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