Storefront Retail with Long-Term
For Sale
$1,791,000
2809 E 50th St, Chattanooga, TN 37407
Single-tenant retail storefront operated by CSL Plasma with years remaining on the lease and renewal options.
Property Size12,744 SF
Days on Market159
Property Features for 2809 E 50th St
General Information
Standard status
Active
Size
12,744 SF
Property subtype
Retail - Street Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
12,744 SF
Year Built
1959
Year Renovated
2013
Tenancy
Single
Listing Agency:
Brisky Net Lease
Listed By:
Brian Brisky · License #40546562
(612) 413-4200
Source:
Commercialcafe
Added: May 14
Changed: Oct 15
Last Checked: Oct 16 at 6:12AM
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 Brisky Net Lease
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Investment Insights
Based on property information with market context.
This for-sale single-tenant storefront retail property is currently occupied by CSL Plasma, which has operated at the location for well over a decade. The tenant has four years remaining on the current lease term, followed by two five-year renewal options. The renewal options include 2.5% annual rent increases, with limited landlord responsibilities.
The property is positioned along Highway 27 in a primary corridor, offering visibility and exposure from an easily accessible corner location. A large parking lot supports convenient customer access. The offering is located in Chattanooga, about halfway between Nashville, TN and Atlanta, GA, where the area within a ten-mile radius is noted as having a population exceeding 280,000 and average household income over $88,000.
The property is positioned along Highway 27 in a primary corridor, offering visibility and exposure from an easily accessible corner location. A large parking lot supports convenient customer access. The offering is located in Chattanooga, about halfway between Nashville, TN and Atlanta, GA, where the area within a ten-mile radius is noted as having a population exceeding 280,000 and average household income over $88,000.
Key Highlights
- Single‑tenant retail storefront operated by CSL Plasma with long‑term occupancy
- Lease term includes 4 years remaining, plus two 5‑year renewal options
- Renewal options include 2.5% annual rent increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,486
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,720
$2.0M
Cap Rate 7%
$1,406,943
$1.4M
Cap Rate 9%
$1,094,289
$1.1M
Market Conditions
NOI Build-Up for 12,744 SF
Gross rent
$152.9K $12.00/SF
− Vacancy
−$12.2K −$0.96/SF
EGI
$140.7K $11.04/SF
− OpEx
−$42.2K −$3.31/SF
NOI
$98.5K $7.73/SF
Area
Chattanooga, TN
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,720
Cap Rate 7%
$1,406,943
Cap Rate 9%
$1,094,289
Alternative Uses
Best Use
Retail
$1.41M
$1.23M – $1.64M
NOI $98,486 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $197,020 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
61k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 32%
Groceries 26%
McDonald's
Dining
16,973 visits/mo
0.4 miles
Food City
Groceries
16,018 visits/mo
0.3 miles
Hardee's
Dining
8,541 visits/mo
0.3 miles
Dollar Tree
Shops & Services
6,245 visits/mo
0.1 miles
Texaco
Shops & Services
3,528 visits/mo
0.3 miles
Demographics for 37407, TN
9,779
Population
3,540
Households
2.8
Avg Household Size
28
Median Age
7%
College-Educated
57%
High-School Grad
3.4 sq mi
ZIP Area
2,876
Density / Sq Mi
$33,785
Median Household Income
$27,018
Median Earnings
$891
Median Rent
$84,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Ensign The Florist — 1300 S Crest Rd, Rossville, GA 30741
Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant retail storefront operated by CSL Plasma with years remaining on the lease and renewal options.
Where is this storefront property located?
The property is located at 2809 E 50th St Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,791,000.
What are key features of this property?
This property features: Single‑tenant retail storefront operated by CSL Plasma with long‑term occupancy; Lease term includes 4 years remaining, plus two 5‑year renewal options; Renewal options include 2.5% annual rent increases
