4340 Ringgold Rd | East Ridge, TN 37412
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4340 Ringgold Rd
East Ridge, TN 37412
East Ridge Crossing · Retail Property For Sale
Investment Highlights
- GROCERY-ANCHORED SHOPPING CENTER WITH NEWLY RENOVATED FOOD LION UNDER LONG-TERM LEASE, PROVIDING A VALUABLE ‘ESSENTIAL NEEDS’ SHOPPING COMPONENT
- OVER 91% NATIONAL RETAIL TENANT ROSTER, bolstered by 100% service and restaurant shop tenants which are fully resistant to e-commerce
- HIGHLY-TRAFFICKED AREA AT CONNECTING POINT BETWEEN RINGGOLD ROAD (US-41), I-75 AND DOWNTOWN CHATTANOOGA, in close proximity to regional consumer draws
- LOCATED IN ATTRACTIVE SOUTHEAST PORTION OF THE RAPIDLY-GROWING CHATTANOOGA MARKET, WHICH HAS GROWN BY 8% SINCE 2010
- FOOD LION ACCOUNTS FOR OVER 70% OF THE RENTAL INCOME AT THE PROPERTY WITH 25% ANNUAL SALES GROWTH IN 2020, Food Lion has been long-term tenant
- VALUE-ADD OPPORTUNITY TO LEASE-UP REMAINING SHOP SPACE AND GROW NOI, attractive 3,600± SF end-cap space remains to be leased
Property Facts
Property Type
Retail
Building Size
58,950 SF
Building Class
B
Year Built
1988
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
6.34 AC
Zoning
C2
Parking
271 Spaces (4.6 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 169G-F-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,045,240 |
Property Taxes
Parcel Number
169G-F-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,045,240
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