Dollar General NNN
For Sale
Contact for pricing
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 Market50
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: Oct 26
Last Checked: Oct 26 at 12:48PM
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
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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 / Yr
$83,996
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Retail in South region
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
