3601 Rossville Blvd - Freestanding FOR SALE


Chattanooga, TN 37407- South Chattanooga
$860,000 USD
786-306-7259
3601 Rossville Blvd, Chattanooga, TN for Sale
$860,000 USD
Freestanding - FOR SALE
1/9
null | 7.26% Cap Rate

3601 Rossville Blvd
Chattanooga, TN 37407
South Chattanooga


HIGHLIGHTS

  • Lease structure: Absolute NNN Lease with over 3+ years remaining | Corporate Guarantee by EZPAWN the second largest  pawn shop operator in the U.S
  • Lease tenure: With over 27 years of successful operating history at this location, the store has demonstrated long-term stability and continued perfor
  • Strong Traffic Exposure – Positioned along Rossville Boulevard with approximately 24,500 vehicles per day, providing excellent visibility and accessib
  • Minimal Landlord Responsibilities: Tenant is responsible for all real estate taxes, insurance, and common area maintenance. Landlord’s sole responsibi
  • Below Replacement Cost: Offered at approximately $59 per square foot, the asset is priced significantly below replacement cost, providing investors wi
  • Strategic Location Near Downtown Chattanooga: Located along U.S. Highway 27 (Rossville Boulevard), the property is approximately 3.6 miles from Downto

OVERVIEW

The property consists of a 14,000-square-foot freestanding building situated on approximately 1.02 acres of land. There are over three years remaining on the current lease term, with rental escalations scheduled every five years during the option periods. The lease is structured as an absolute NNN lease with zero landlord responsibilities. The roof was replaced in 2020 and carries a 15-year warranty. EZPAWN operates the location and is a brand of EZCORP, Inc. (NASDAQ: EZPW), the second-largest pawn shop operator in the United States. The property offers excellent access and visibility along Rossville Boulevard, which experiences traffic counts exceeding 24,940 vehicles per day. The surrounding area is highly dense, with more than 136,417 residents within a five-mile radius, increasing 40.6% to 196,992 during daytime hours due to the commuting workforce. With over 27 years of successful operating history at this location, the store has demonstrated long-term stability and continued performance in the market.

FOR SALE DETAILS

PRICE

$860,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

7.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

Commercial

APN/PARCEL ID

168A-M-010

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

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