Mixed-Use Retail, Multifamily, Office FOR SALE


$18,900,000 USD
404-313-3100
, Chattanooga, TN for Sale
$18,900,000 USD
FOR SALE
1/10
null | 6.66% Cap Rate

Mixed-Use Retail, Multifamily, Office
Chattanooga, TN
North Chattanooga-Hill City-UTC


HIGHLIGHTS

  • Multi-Tenant Retail; 100% occupied by two long-term NNN-leased retail tenants
  • Office; 84% occupied by two long-term NNN-leased office tenants
  • Multifamily | Lofts at Somer Station; 95.5% occupancy
  • Walkable to Coolidge Park, Whole Foods, and Walnut Street Bridge.
  • Located in Chattanooga’s fast-growing Northshore district.

OVERVIEW

Positioned in Chattanooga’s thriving Northshore district, this rare portfolio offering includes two newly constructed mixed-use assets totaling over 60,000 square feet. The properties—110 Somerville Avenue and 306 Cherokee Boulevard—combine stabilized retail, office, and multifamily components with long-term NNN leases and national credit tenants. 306 Cherokee Boulevard features 100% leased retail space anchored by JPMorgan Chase and AFC Urgent Care, both under corporate-backed leases with 10–15 year terms and structured escalations. 110 Somerville Avenue offers a dynamic mix of office and residential units. The office component includes tenants such as Society of Work and Empire Communities, with a vacant 5,000 SF suite offering upside potential. The multifamily portion, branded as Lofts at Somer Station, includes 22 fully furnished units designed for co-living and short-term stays, with 95.5% occupancy and rents ranging from $1,100 to $1,499. Both assets benefit from riverfront adjacency, reciprocal parking easements, and walkable access to Coolidge Park, Whole Foods, Starbucks, and other lifestyle amenities. Chattanooga’s designation as “Gig City,” its 5.5% population growth, and over $4B in recent corporate investment further enhance the long-term value proposition. This portfolio offers investors a compelling blend of income stability, tenant diversity, and location-driven growth in one of the Southeast’s most dynamic urban markets. For Sale Separately or Together

ASK ABOUT THIS PROPERTY

Robert JohnsonSVN | Second Story Real Estate ManagementMore Info
404-313-3100

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Robert JohnsonSVN | Second Story Real Estate ManagementMore Info
404-313-3100

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