1966 Northpoint Blvd - Retail FOR SALE


Hixson, TN 37343
$5,900,000 USD
423-779-2936
1966 Northpoint Blvd, Hixson, TN for Sale
$5,900,000 USD
Retail - FOR SALE
1/4
null | 8.1% Cap Rate

1966 Northpoint Blvd
Hixson, TN 37343


OVERVIEW

Northgate Crossing offers the opportunity to acquire a stabilized, 49,368± SF neighborhood retail center in Chattanooga’s established Hixson retail corridor.? The property features a diversified six-tenant lineup, primarily triple-net lease structures, contractual rent escalations, and a five-year weighted average lease term.? Offered at an 8.0% cap rate, the investment provides immediate cash flow with additional upside potential through below-market rents and an included 0.94± acre out-parcel.?

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$120 USD /SF

CAP RATE

8.1%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Northgate Crossing

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

250

LAND DETAILS

LAND ACRES

5.21 AC

LAND SF

226,948 SF

ZONING

C

APN/PARCEL ID

110A-B-002.06

ASK ABOUT THIS PROPERTY

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423-779-2936

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Frazier DeVaneyNAI CharterMore Info
423-779-2936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.