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Walgreens 3550 Broad St 15,120 SF Retail Building Chattanooga, TN 37409 $4,000,000 ($264.55/SF) 6.91% Cap Rate
Investment Highlights
- Located near a newly built baseball stadium and a brand-new Publix, this Walgreens benefits from increased traffic in a rapidly growing area
- Over 110,000 residents within a 5-mile radius provide a dense consumer base in this established urban market.
- The Chattanooga Lookouts minor league team is building a new $120 million stadium is just blocks from the Walgreens
- The site benefits from consistent exposure with approximately ±119,400 vehicles per day (VPD) traveling along I-24.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
C
Year Built
2000
Price
$4,000,000
Price Per SF
$264.55
Cap Rate
6.91%
NOI
$276,250
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.10 AC
Opportunity Zone
Yes
Zoning
UGC - UGC (Urban General Commercial, intended for commercial and mixed-use development while creating a new or maintaining an existing urban form)
Parking
75 Spaces (4.96 Spaces per 1,000 SF Leased)
Frontage
Nearby Major Retailers
Property Taxes
| Parcel Number | 155J-F-003.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,595,360 |
Property Taxes
Parcel Number
155J-F-003.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,595,360
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Walgreens | 3550 Broad St
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