4503 Highway 58 - Freestanding FOR SALE


Chattanooga, TN 37416- Kings Point-Lake Vista
$1,633,000 USD
843-345-5333
4503 Highway 58, Chattanooga, TN for Sale
$1,633,000 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

4503 Highway 58
Chattanooga, TN 37416
Kings Point-Lake Vista


HIGHLIGHTS

  • Ideal Passive Investment in a No Income Tax State | Low-management Asset with Minimal Landlord Responsibilities | Roof Warranty through 2035
  • NN Lease with 10% Rental Increases Every 5 Years & at Each Option | Strong Store Performance
  • Corporate Lease with Best-in-Class Tenant | Largest Coffeehouse Company in the World & One of the Largest QSR Operators with 40,000+ Locations
  • Starbucks Holds an Investment-Grade Credit Rating of BBB+ from S&P Global Ratings | Over $36 Billion Revenue Reported for FY 2024
  • Located at Signalized Intersection on Hwy 58 (37,360+ VPD) | Dense Retail Corridor
  • National Retailers in the Immediate Area Include Wendy’s, Subway, McDonald’s, Dunkin’ Donuts, Walgreens, & More

OVERVIEW

Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the single-tenant Starbucks located at 4503 Highway 58 in Chattanooga, Tennessee. Ideally located in the no-income tax state of Tennessee, the property was fully renovated in 2020 with improvements including a new roof with a warranty through 2035, two new HVAC units, and parking lot replacements. Starbucks operates on a NN lease featuring 10% rental increases every 5 years and at each of the four 5-year option periods. Starbucks operates on a NN lease featuring 10% rental increases every 5 years and at each of the four, 5-year options. As the world’s largest coffeehouse brand and one of the largest QSR operators globally, Starbucks maintains an investment-grade BBB+ rating from S&P. The property sits at a signalized intersection along Highway 58 (37,360+ VPD) in a dense retail corridor with other national tenants including Wendy’s, Subway, McDonald’s, Dunkin’ Donuts, Walgreens, and others, offering long-term stability in a high-traffic Chattanooga trade area.

FOR SALE DETAILS

PRICE

$1,633,000 USD

PRICE/SF

$883 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C-2

APN/PARCEL ID

129H-E-011

ASK ABOUT THIS PROPERTY

Ani PaulsonNorthmarqMore Info
843-345-5333

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Ani PaulsonNorthmarqMore Info
843-345-5333

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