Fully Leased Retail Investment
5805 Lee Hwy, Chattanooga, TN 37421
COMMERCIAL - CHATTANOOGA, TN
Property size:
9,800 SFLot size:
0.79 AcresPrice / SF:
$137/SF- Added:
- Apr 16, 2026
- Days on Market:
- 48
- Last Refresh:
- Jun 2 at 10:06 am
Property Features for 5805 Lee Hwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 158A C 021
- Size
- 9,800 SF
- Lot size
- 0.79 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- The tenant mix includes a nail and hair salon, barbershop, spa and wellness services, CPAs, a retail shop, nursing/education use, and a ministry/service-based tenant, creating a strong and diversified income stream. Many of the units have been recently remodeled within the past year, reducing deferred maintenance and improving tenant retention, while the high-traffic location near major roads, the airport, and national retailers provides excellent long-term visibility and stability.
- Tax Annual Amount
- 15754
Building Details
- Year built
- 1972
- Floors in Building
- 1
Listing agent Roger Haikal (706) 537-6174
Listing office Keller Williams Heritage 1714 Cleveland Highway, Dalton, TN (706) 459-3107
Listing date Apr 16, 2026
MLS# 135341
Copyright © 2026 Carpet Capital Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully Leased Retail Plaza: Provides immediate cash flow and a turnkey investment opportunity.
- High‑Visibility Location: Situated on a major corridor with approximately 70,000 vehicles per day.
- Strong Net Operating Income (NOI): Indicates a profitable and stable investment.
- Prime Accessibility: Located directly across from a Toyota dealership and minutes from Chattanooga Metropolitan Airport.
- Future Upside Potential: Opportunities for rent increases and benefits from continued area growth.
- Consistent Tenant Demand: Suggests a stable and desirable location for businesses.
Overview
This fully occupied retail plaza is positioned on a major corridor with approximately 70,000 vehicles per day. The property offers high visibility and consistent tenant demand. Located directly across from a Toyota dealership and just minutes from Chattanooga Metropolitan Airport, the property provides accessibility in one of the area's active commercial pockets. The property, situated on 0.79 acres, produces strong net operating income (NOI), presenting a turnkey investment with immediate cash flow. Additional upside is available through future rent increases and continued area growth. The property size is 9,800 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.6k | $12.00 |
| − Vacancy | −$9.4k | −$0.96 |
| EGI | $108.2k | $11.04 |
| − OpEx | −$32.5k | −$3.31 |
| NOI | $75.7k | $7.73 |
9,800 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.08M
$946.7K – $1.26M
NOI $75,734 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.53M
NOI $151,506 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Denise Lansford Tax ...
Tax Preparation
Zycron
Business Management Consultant
Mcmahon Insurance Group, ...
Insurance Agency
Van Arsdale Donald ...
Physician
Aurora Spa
Alternative Medicine Practice
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2009533
- Latitude
- 35.02136
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - High-visibility location with strong cash flow in Chattanooga, TN.
Where is this shopping center located?
The property is located at 5805 Lee Hwy Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully Leased Retail Plaza: Provides immediate cash flow and a turnkey investment opportunity.; High‑Visibility Location: Situated on a major corridor with approximately 70,000 vehicles per day.; Strong Net Operating Income (NOI): Indicates a profitable and stable investment.
