4815 Highway 58 - Fast Food FOR SALE


Chattanooga, TN 37416- Kings Point-Lake Vista
$2,898,217 USD
516-477-7026
4815 Highway 58, Chattanooga, TN for Sale
$2,898,217 USD
Fast Food - FOR SALE
1/2
null | 6% Cap Rate

4815 Highway 58
Chattanooga, TN 37416
Kings Point-Lake Vista


HIGHLIGHTS

  • No State Income Tax
  • Strong Unit Level Financials
  • Strong Franchisee Guarantee

OVERVIEW

Surmount is pleased to present the exclusive listing for a Zaxby's located at 4815 Tennessee 58, Chattanooga, TN 37416. The site consists of roughly 3,864 rentable square feet of building space on an estimated .96-acre parcel of land. Zaxby's is subject to a 20-year lease, which commenced 2/1/2022. The current annual rent is $173,893 and has scheduled increases of 2.00% Annually Starting 2/1/2028.

FOR SALE DETAILS

PRICE

$2,898,217 USD

PRICE/SF

$750 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Zaxby's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

C-2

APN/PARCEL ID

129B-C-007.02

ASK ABOUT THIS PROPERTY

James WesterbergSurmountMore Info
516-477-7026

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James WesterbergSurmountMore Info
516-477-7026

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