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 Market114
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: Sep 3
Last Checked: Sep 2 at 1:36PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,486
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
