Dollar General Retail
For Sale
Contact for pricing
3101 Dodson Ave, Chattanooga, TN 37406
Dollar General occupancy includes a 10% rent increase scheduled for February 2027.
Property Size9,100 SF
Price / SF$154.14
Days on Market15
Property Features for 3101 Dodson Ave
General Information
Standard status
Active
Size
9,100 SF
Class
B
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$94,680
Building Details
Year Built
2012
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Josh Bishop · License #688810
Source:
Crexi
Added: Aug 7
Changed: Aug 21
Last Checked: Aug 21 at 1:20PM
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 Matthews
Investment Insights
Based on property information with market context.
This retail property at 3101 Dodson Ave in Chattanooga, Tennessee, contains 9,100 square feet and was built in 2012. The property is associated with Dollar General occupancy, with a 10% rent increase scheduled for February 2027.
Chattanooga is identified as a commercial center serving southeastern Tennessee and portions of northwest Georgia and northeast Alabama. The city connects to Interstate 24, Interstate 59, and Interstate 75, with major retail corridors including Hamilton Place, Gunbarrel Road, Downtown Chattanooga, and Hixson. The broader market includes neighborhood, community, and regional shopping centers, along with national retailers, restaurants, entertainment venues, and neighborhood-serving businesses.
Chattanooga is identified as a commercial center serving southeastern Tennessee and portions of northwest Georgia and northeast Alabama. The city connects to Interstate 24, Interstate 59, and Interstate 75, with major retail corridors including Hamilton Place, Gunbarrel Road, Downtown Chattanooga, and Hixson. The broader market includes neighborhood, community, and regional shopping centers, along with national retailers, restaurants, entertainment venues, and neighborhood-serving businesses.
Key Highlights
- Dollar General retail occupancy
- 9,100‑square‑foot retail property
- Built in 2012
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
$70,325
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
5.01%
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%
$1,406,500
$1.4M
Cap Rate 7%
$1,004,643
$1.0M
Cap Rate 9%
$781,389
$781.4K
Market Conditions
NOI Build-Up for 9,100 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
$109.2K $12.00/SF
− Vacancy
−$8.7K −$0.96/SF
EGI
$100.5K $11.04/SF
− OpEx
−$30.1K −$3.31/SF
NOI
$70.3K $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%
$1,406,500
Cap Rate 7%
$1,004,643
Cap Rate 9%
$781,389
Alternative Uses
Best Use
Retail
$1.00M
$879.1K – $1.17M
NOI $70,325 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,685 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
5k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,283 visits/mo
0.1 miles
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
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?
Retail space - Dollar General occupancy includes a 10% rent increase scheduled for February 2027.
Where is this retail space located?
The property is located at 3101 Dodson Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,402,666.
What are key features of this property?
This property features: Dollar General retail occupancy; 9,100‑square‑foot retail property; Built in 2012
