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1966 Northpoint Blvd
Hixson, TN 37343
Northgate Crossing · Retail Property For Sale
Executive Summary
Northgate Crossing offers the opportunity to acquire a stabilized, 49,368± SF neighborhood retail center in Chattanooga’s established Hixson retail corridor.? The property features a diversified six-tenant lineup, primarily triple-net lease structures, contractual rent escalations, and a five-year weighted average lease term.? Offered at an 8.0% cap rate, the investment provides immediate cash flow with additional upside potential through below-market rents and an included 0.94± acre out-parcel.?
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
49,368 SF
Building Class
B
Year Built
1980
Price
$5,900,000
Price Per SF
$119.51
Cap Rate
8.10%
NOI
$478,064
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
5.21 AC
Zoning
C - Commercial
Parking
250 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
402’ on Northpoint Blvd
Property Taxes
| Parcel Number | 110A-B-002.06 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,068,280 |
Property Taxes
Parcel Number
110A-B-002.06
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,068,280
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