Starbucks 4503 Highway 58 1,815 SF Retail Building Chattanooga, TN 37416 $1,633,000 ($899.72/SF) 6% Cap Rate

Northmarq is pleased to present to qualified investors the opportunity to acquire the fee simple interest in the single-tenant Starbucks located at 4503 Highway 58 in Chattanooga, Tennessee. Ideally located in the no-income tax state of Tennessee, the property was fully renovated in 2020 with improvements including a new roof with a warranty through 2035, two new HVAC units, and parking lot replacements. Starbucks operates on a NN lease featuring 10% rental increases every 5 years and at each of the four 5-year option periods. Starbucks operates on a NN lease featuring 10% rental increases every 5 years and at each of the four, 5-year options. As the world’s largest coffeehouse brand and one of the largest QSR operators globally, Starbucks maintains an investment-grade BBB+ rating from S&P.
The property sits at a signalized intersection along Highway 58 (37,360+ VPD) in a dense retail corridor with other national tenants including Wendy’s, Subway, McDonald’s, Dunkin’ Donuts, Walgreens, and others, offering long-term stability in a high-traffic Chattanooga trade area.