7788 E Brainerd Rd - Freestanding FOR SALE


Chattanooga, TN 37421- East Brainerd
$3,108,000 USD
904-672-1420
7788 E Brainerd Rd, Chattanooga, TN for Sale
$3,108,000 USD
Freestanding - FOR SALE
1/4
null | 6.55% Cap Rate

7788 E Brainerd Rd
Chattanooga, TN 37421
East Brainerd


HIGHLIGHTS

  • Absolute-net Corporately Guaranteed NTB (Mavis)
  • Standard & Poors B Credit Rating / Stable Outlook
  • 2300 Locations in 39 States

OVERVIEW

Marcus & Millichap is pleased to present for sale this Absolute-net NTB asset, located at the lighted intersection of Brainerd Rd and Jenkins Rd in Chattanooga, TN. This investment benefits from a 15-year corporate absolute-net lease, with 8 years left on the initial term and four (4) five-year options. There are regular increases in both the base term and extensions. The subject is situated in immediate proximity to I-75 and the Chattanooga Metropolitan Airport and is directly contiguous to over 1,000 newly built apartment units. Other area retailers include but are not limited to; Walmart Neighborhood Market, Food City, Bruster's Ice Cream, Waffle House, Marco's Pizza, Taco Bell, Dunkin, Advance Auto, Zaxby's and others.

FOR SALE DETAILS

PRICE

$3,108,000 USD

PRICE/SF

$432 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.11 AC

LAND SF

48,552 SF

ZONING

-

APN/PARCEL ID

159P-A-003.03

ASK ABOUT THIS PROPERTY

Craig Thomas, CCIMMarcus and MillichapMore Info
904-672-1420

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Craig Thomas, CCIMMarcus and MillichapMore Info
904-672-1420

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