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Belvoir Plaza 3913 Brainerd Rd 7,400 SF 100% Leased Retail Building Chattanooga, TN 37411 $1,295,000 ($175/SF) 8.22% Cap Rate
Investment Highlights
- Well-positioned retail center in a highly accessible Chattanooga location minutes from the interstate and a short drive to the downtown core.
- Ample parking field that supports daily customer traffic and provides convenient access for all occupants.
- Fully leased configuration supported by a mix of eight steady tenants, complemented by an additional outparcel that enhances long-term value
Executive Summary
Excellent location in Chattanooga, TN
Recently updated strip center with 1 outparcel, all fully leased.
Eight tenants, 7,448 square feet, ample parking, NNN leases.
Located minutes to the interstate, a short drive to downtown, and surrounded by residential neighborhoods, and commercial/ retail uses, this is an ideal location.
Recent updates include; new flooring, new bathroom fixtures, new paint, new roof coating, stucco repairs/ painting.
Recently updated strip center with 1 outparcel, all fully leased.
Eight tenants, 7,448 square feet, ample parking, NNN leases.
Located minutes to the interstate, a short drive to downtown, and surrounded by residential neighborhoods, and commercial/ retail uses, this is an ideal location.
Recent updates include; new flooring, new bathroom fixtures, new paint, new roof coating, stucco repairs/ painting.
Property Facts
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,400 SF
Building Class
C
Year Built/Renovated
1958/2022
Price
$1,295,000
Price Per SF
$175
Cap Rate
8.22%
NOI
$106,449
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.23 AC
Zoning
Commercial - Commercial
Parking
45 Spaces (6.08 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 157G-A-010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $204,840 |
Property Taxes
Parcel Number
157G-A-010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$204,840
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Belvoir Plaza | 3913 Brainerd Rd
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