Leased Restaurant with NN
For Sale
Contact for pricing
2318 Lifestyle Way, Chattanooga, TN 37421
Restaurant property with 16.6 years remaining on a double-net lease and scheduled 10% rent increases every five years.
Property Size5,865 SF
Days on Market122
Property Features for 2318 Lifestyle Way
General Information
Standard status
Active
Size
5,865 SF
Property subtype
Retail
Listing Agency:
SURMOUNT
(332) 345-4222
Listed By:
Glen Kunofsky · License #NY 49KU1129178
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 23 at 5:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
This for-sale restaurant property is exclusively offered as the Mellow Mushroom location at 2318 Lifestyle Way. The site includes approximately 5,865 rentable square feet of building space and features 16.6 years remaining on a double-net (NN) lease.
The initial annual rent is $232,104, with scheduled increases of 10% every five years.
The offering is structured as a single leased restaurant asset, providing a defined remaining lease term and contracted rent escalations.
The initial annual rent is $232,104, with scheduled increases of 10% every five years.
The offering is structured as a single leased restaurant asset, providing a defined remaining lease term and contracted rent escalations.
Key Highlights
- Mellow Mushroom restaurant at 2318 Lifestyle Way in Chattanooga, Tennessee
- Site includes about 5,865 rentable SF of building space
- Lease has 16.6 years remaining on a double‑net (NN) structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
481k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 20%
Groceries 13%
Apparel 12%
Best Buy
Electronics
56,070 visits/mo
0.5 miles
Hobby Lobby
Shops & Services
52,674 visits/mo
0.4 miles
Publix
Groceries
41,666 visits/mo
0.0 miles
Starbucks
Dining
28,909 visits/mo
0.4 miles
Burlington
Apparel
27,361 visits/mo
0.2 miles
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with 16.6 years remaining on a double-net lease and scheduled 10% rent increases every five years.
Where is this conventional restaurant located?
The property is located at 2318 Lifestyle Way Chattanooga, TN.
What are key features of this property?
This property features: Mellow Mushroom restaurant at 2318 Lifestyle Way in Chattanooga, Tennessee; Site includes about 5,865 rentable SF of building space; Lease has 16.6 years remaining on a double‑net (NN) structure
