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321 Brown's Ferry Rd 53,723 SF 89% Leased Retail Building Chattanooga, TN 37419 $5,250,000 ($97.72/SF) 5.74% Cap Rate
Investment Highlights
- Visible from highway
Executive Summary
Prime Investment opportunity, Value-Add and Income Producing
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$301,531
|
$5.61
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $301,531 |
| Annual Per SF | $5.61 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
53,723 SF
Building Class
B
Year Built
1988
Price
$5,250,000
Price Per SF
$97.72
Cap Rate
5.74%
NOI
$301,532
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.17
Lot Size
7.40 AC
Zoning
C1 - Commercial
Parking
225 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
451’ on Browns Ferry Rd
Amenities
- Freeway Visibility
- Pylon Sign
- Signage
- Wheelchair Accessible
- Monument Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
- -
-
- Retailer
- -
- -
- -
- -
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
-
- Retailer
- -
- -
- Triple Net
- Jan 2018
- Lookout Valley Tax Center
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | - | - | |
|
|
Retailer | - | - | - | - | |
|
|
Retailer | - | - | Triple Net | Jan 2018 | |
| Lookout Valley Tax Center | Professional, Scientific, and Technical Services | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 1,200 SF
- Retail
- -
- Now
- 1st Floor
- 1,200 SF
- Retail
- -
- Now
- 1st Floor
- 1,200 SF
- Retail
- -
- Now
- 1st Floor
- 1,200 SF
- Retail
- -
- Now
- 1st Floor
- 1,200 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,200 SF | Retail | - | Now |
| 1st Floor | 1,200 SF | Retail | - | Now |
| 1st Floor | 1,200 SF | Retail | - | Now |
| 1st Floor | 1,200 SF | Retail | - | Now |
| 1st Floor | 1,200 SF | Retail | - | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 (2025) | |
| Land Assessment | $0 (2025) | Total Assessment | $1,165,840 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,165,840 (2025)
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321 Brown's Ferry Rd
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