2020 E 23rd St
Chattanooga, TN 37404
Land For Sale · 0.78 AC

Prime Investment Commercial Property with Stable 7 CAP (2019) Income Stream + Annual ($3k) Increases / Perfect for 1031 Exchange or Long Term Investment! Approximately 25% of this property is currently being leased to a High Credit National Tenant with over 35,000 employees globally with a very successful ‘recession proof’ business at this location and many others. This property will be a perfect property for any investor who would benefit from owning a stable Income Producing property in the wonderfully resilient Chattanooga (TN) market. This property is located less than 4 miles from Downtown Chattanooga and less than 7 miles from the Chattanooga Metropolitan Airport (CHA). This is such an easy property as it’s a land lease to the Tenant (Landlord pays for the taxes, very low lawn maintenance and general liability policy annually) with one timely check arriving monthly (no labor intensive property management and additional expenses). The tenant also pays for any parking lot damage to the lot while in use. The lease is only for a portion of the land (approximately 25%), so a savvy investor could potentially lease the remainder of the lot to another small tenant or operator for an additional income stream. Additionally, the adjacent lot (to the rear) of the property could be purchased to allow a much larger footprint of commercial space along the busy I-24 (Over 142k ADT) corridor. Call Chuck Davis at 423.645.3785 (or email) today to learn more about this rare INVESTMENT PROPERTY in Chattanooga, Tennessee or to request CONFIDENTIAL financials.