Dollar General NNN
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For Sale
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3158 Broad Street, Chattanooga, TN 37408
Established Dollar General store operated under a long-term NNN lease with multiple extension options.
Property Size9,026 SF
Lot Size1.28 Acres
Price / SF$161.58
Days on Market5
Property Features for 3158 Broad Street
General Information
Standard status
Active
Size
9,026 SF
Lot size
1.28 Acres
Property subtype
Retail, Land
Financials
Asking Price
$1,458,465
Cap Rate
6.25%
Gross Income
$91,154
Additional Details
Traffic Count
25,000 vehicles/day
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
LHT Commercial Real Estate, LLC
Listed By:
Jonathan Broadway · License #AL 82483
(256) 520-5000
Source:
Crexi
Added: Sep 7
Changed: Sep 11
Last Checked: Sep 11 at 5:48AM
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 LHT Commercial Real Estate, LLC
Investment Insights
Based on property information with market context.
This Dollar General retail property includes a 9.026-square-foot building on 1.28 acres. The store opened July 16, 2015, and is subject to a NNN lease with a 15-year initial term followed by five 5-year options. Each option period includes a 10% rent increase, and the property carries a 6.25% CAP.
The store is located at 3158 Broad Street in Chattanooga, Tennessee, within Hamilton County. The site fronts an area reporting an average of 25,000 vehicles per day, providing direct exposure along a heavily traveled commercial corridor. Chattanooga serves as the county seat and has close to 200,000 people.
The store is located at 3158 Broad Street in Chattanooga, Tennessee, within Hamilton County. The site fronts an area reporting an average of 25,000 vehicles per day, providing direct exposure along a heavily traveled commercial corridor. Chattanooga serves as the county seat and has close to 200,000 people.
Key Highlights
- Dollar General store opened July 16, 2015
- 9.026‑square‑foot building situated on 1.28 acres
- NNN lease includes a 15‑year initial term
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
$83,996
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
5.76%
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%
$1,679,920
$1.7M
Cap Rate 7%
$1,199,943
$1.2M
Cap Rate 9%
$933,289
$933.3K
Market Conditions
NOI Build-Up for 9,026 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
$119.1K $13.20/SF
− Vacancy
−$7.1K −$0.79/SF
EGI
$112.0K $12.41/SF
− OpEx
−$28.0K −$3.10/SF
NOI
$84.0K $9.31/SF
Area
Chattanooga, TN
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
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%
$1,679,920
Cap Rate 7%
$1,199,943
Cap Rate 9%
$933,289
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,996 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$996.5K
$871.9K – $1.16M
NOI $69,753 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.99M
$1.74M – $2.33M
NOI $139,541 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
25,000 VPD
Traffic count
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
494
Businesses Nearby
137k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Groceries 27%
Shops & Services 25%
Home Improvements & Furnishings 6%
Publix
Groceries
36,425 visits/mo
0.4 miles
Taco Bell
Dining
18,774 visits/mo
0.1 miles
Wendy's
Dining
14,932 visits/mo
0.1 miles
7-Eleven
Shops & Services
13,249 visits/mo
0.2 miles
Dunkin' Donuts
Dining
11,542 visits/mo
0.2 miles
Demographics for 37408, TN
3,353
Population
1,945
Households
1.7
Avg Household Size
33
Median Age
59%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
1,597
Density / Sq Mi
$91,000
Median Household Income
$65,377
Median Earnings
$1,338
Median Rent
$460,000
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
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Frequently Asked Questions
What type of property is this?
NNN property - Established Dollar General store operated under a long-term NNN lease with multiple extension options.
Where is this nnn property located?
The property is located at 3158 Broad Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,458,465.
What are key features of this property?
This property features: Dollar General store opened July 16, 2015; 9.026‑square‑foot building situated on 1.28 acres; NNN lease includes a 15‑year initial term
