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305 N Tennessee Ave 10,640 SF Retail Building Etowah, TN 37331 $1,462,876 ($137.49/SF) 6.50% Cap Rate
Investment Highlights
- 2022 build-to-suit with ±11 years remaining on 15-year Absolute NNN lease
- Tennessee income tax-free state, increasing overall return for qualifying investors
- Investment-grade credit rating of BBB (S&P) with ±20,000 locations nationwide
- Newer 10,640 SF prototype reflecting Dollar General's long-term market commitment
- Centrally positioned between Chattanooga (±49 miles) and Knoxville (±60 miles)
- Located along US-411 with excellent visibility and national retailers nearby
Executive Summary
Hutt Cooke
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 356505, 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,640 SF
Building Class
C
Year Built
1935
Price
$1,462,876
Price Per SF
$137.49
Cap Rate
6.50%
NOI
$95,086
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
1.60 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
15 Spaces (1.41 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 107O-B-057.00 | Improvements Assessment | $29,280 |
| Land Assessment | $16,760 | Total Assessment | $46,040 |
Property Taxes
Parcel Number
107O-B-057.00
Land Assessment
$16,760
Improvements Assessment
$29,280
Total Assessment
$46,040
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