Medical Center Investment
2910 49th St Chattanooga, TN 37407
2910 49th St, Chattanooga, TN, 37407
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For Sale
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Long-term medical tenant CSL Plasma occupies this healthcare property with remaining lease term and renewal options.
Property Size12,744 SF
Price / SF$146.25
Days on Market77
Property Features for 2910 49th St
General Information
- Standard status
- Active
- Size
- 12,744 SF
- Property subtype
- RETAIL
Listing Agency
Brisky Net Lease
(715) 529-4441
Listed by
Brian Brisky · License #BR691523000
(715) 529-4441
Source
Moodyscre
Added: May 6 Updated: Jul 20 at 6:40 pm Checked: Jul 20 at 6:40 pm
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 healthcare property is configured to support a medical center use and is currently occupied by CSL Plasma, which has operated at the location for well over a decade. The current lease has four years remaining, followed by two five-year renewal options. The renewal options include 2.5% annual rent increases and limited landlord responsibilities.
The property is strategically positioned along Highway 27 in a primary corridor, providing visibility and exposure. It also benefits from an easily accessible corner location with a large parking lot.
The asset is located in Chattanooga, about halfway between Nashville, TN and Atlanta, GA. The surrounding area is described as having strong growth over time, and the property is near major employment, education, and healthcare hubs.
The property is strategically positioned along Highway 27 in a primary corridor, providing visibility and exposure. It also benefits from an easily accessible corner location with a large parking lot.
The asset is located in Chattanooga, about halfway between Nashville, TN and Atlanta, GA. The surrounding area is described as having strong growth over time, and the property is near major employment, education, and healthcare hubs.
Key Highlights
- Long‑term tenant CSL Plasma has operated at the location for well over a decade
- Lease has four years remaining, plus two five‑year renewal options with 2.5% annual rent increases
- Strategically located along Highway 27 in a primary corridor with an accessible corner location and large parking lot
Local Financial Insights For Healthcare Medical
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 | $260.0k | $20.40 |
| − Vacancy | −$23.4k | −$1.84 |
| EGI | $236.6k | $18.56 |
| − OpEx | −$94.6k | −$7.43 |
| NOI | $141.9k | $11.14 |
12,744 SF · lease $20.40/SF/yr · vacancy 9.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$2.03M
$1.77M – $2.37M
NOI $141,948 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $197,020 @ 7.0% cap · market cap 10.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical centers
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Long-term medical tenant CSL Plasma occupies this healthcare property with remaining lease term and renewal options.
Where is this medical center located?
The property is located at 2910 49th St Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,863,800.
What are key features of this property?
This property features: Long‑term tenant CSL Plasma has operated at the location for well over a decade; Lease has four years remaining, plus two five‑year renewal options with 2.5% annual rent increases; Strategically located along Highway 27 in a primary corridor with an accessible corner location and large parking lot
