2809 E 50th St - Freestanding FOR SALE


Chattanooga, TN 37407- Cedar Hill
$1,863,800 USD
612-413-4200
2809 E 50th St, Chattanooga, TN for Sale
$1,863,800 USD
Freestanding - FOR SALE
1/5
null | 7.5% Cap Rate

2809 E 50th St
Chattanooga, TN 37407
Cedar Hill


HIGHLIGHTS

  • Long-Term Tenant
  • Great Location
  • Attractive Demographics & Growth
  • Strong Local Economy
  • Established Regional Market

OVERVIEW

Long-Term Tenant – CSL Plasma has operated at this location for well over a decade. The tenant has four years remaining on the current lease term, followed by two five-year renewal options with 2.5% annual rent increases and limited landlord responsibilities. Great Location - Strategically positioned along Highway 27 in a primary corridor, this property enjoys exceptional visibility and exposure. The property also has an easily accessible corner location with a large parking lot. Close to major employment, education, and healthcare hubs. Attractive Demographics & Growth - Located about halfway between Nashville, TN, and Atlanta, GA. Chattanooga is one of Tennessee’s fastest-expanding cities, with a population that has been consistently growing for decades. The area within a ten-mile radius of the property has a population exceeding 280,000, with an average household income of over $88,000. Strong Local Economy - Chattanooga serves a large three-state area that includes southeastern Tennessee, northwestern Georgia, and northeastern Alabama. The city has a diversified economy and is nationally recognized for its ultra-fast municipal broadband, which has helped to attract startups, remote workers, and tech-focused firms. Chattanooga is also home to the University of Tennessee at Chattanooga & Chattanooga State Community College. Established Regional Market - Chattanooga is a key city in southeast Tennessee near Georgia. Chattanooga sits within easy driving distance of Atlanta, Nashville, and Birmingham. As the fourth-largest city in the state, Chattanooga benefits from its strategic location at the intersection of major interstates, making it a regional transportation and distribution hub.

FOR SALE DETAILS

PRICE

$1,863,800 USD

PRICE/SF

$146 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CSL Plasma | Chattanooga, TN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

C-2

APN/PARCEL ID

168O-C-001.01

ASK ABOUT THIS PROPERTY

Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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Brian BriskyBrisky Net LeaseMore Info
612-413-4200

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