This Property is no longer advertised on Showcase.com.
Off Market
1/1

2200 Bams Dr
Chattanooga, TN 37421


HIGHLIGHTS

  • Long-Term Triple-Net Lease | Above Market Lease Term
  • Corporate Guarantor | 704 Locations in the US & Canada
  • Attractive Rental Increases & Renewal Options

OVERVIEW

This Red Lobster property is located at 2200 Bams Drive in southeastern Chattanooga, Tennessee. Chattanooga is the fourth-largest city in Tennessee, approximately 120 miles northwest of Atlanta, 135 miles southeast of Nashville, and 148 miles northeast of Birmingham. Chattanooga is located where three major interstate highways meet. The subject property is well-positioned directly off of primary highway I-75, which is the primary freeway that connects Chattanooga to cities such as Atlanta and Knoxville. This Red Lobster is also located 11 miles from The University of Tennessee at Chattanooga and eight miles from Chattanooga State Community College, making it a prime location for a consistent customer base. The interstate experiences an outstanding average daily traffic count of 111,628 vehicles per day. Additionally, the property is situated adjacent to and is a part of the Hamilton Place center, a two-story shopping mall including retailers such as Dillard’s, Pier I Imports, and Banana Republic. The Shoppes at Hamilton Place received a 6,000 square feet expansion in 2008 followed by a larger, multi-million dollar renovation in 2011. This space has plans for continued growth and the addition of national retailers such as Kids Foot Locker. In addition to the shopping center, this area is home to an abundance of national retailers. National retailers within a two-mile radius of 2200 Bams Drive include Best Buy, The Home Depot, Walgreens, Lowe’s, Target, Walmart, and Staples.

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

9100

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

149I-A-001.46