Restaurant with
For Sale
Contact for pricing
Pending
405 N Market Street, Chattanooga, TN 37405
Remodeled in 2016 and leased on an NNN structure with renewal options.
Property Size3,700 SF
Days on Market433
Property Features for 405 N Market Street
General Information
Standard status
Pending
Size
3,700 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Additional Details
Patio
Yes
Building Details
Year Built
1920
Year Renovated
2016
Stories
1
Tenancy
Single
Listing Agency:
Marcus & Millichap - Fort Lauderdale
(954) 849-7522
Listed By:
Lori Schneider · License #NC LC152
Source:
Crexi
Added: Jun 23, 2025
Changed: Aug 29
Last Checked: Aug 29 at 3:49PM
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 Marcus & Millichap - Fort Lauderdale
Investment Insights
Based on property information with market context.
This 3,700-square-foot restaurant includes an outdoor patio and was remodeled for the tenant in 2016. The property is occupied under an NNN lease with three years remaining, followed by two five-year renewal options that include rent increases.
The restaurant is in Chattanooga’s North Shore neighborhood, a walkable area connected to downtown by four bridges. It sits next to a Publix and is surrounded by offices, businesses, cafes, gastropubs, boutiques, and neighborhood restaurants. The daytime population in the area is described as nearly twice the residential population.
The tenant is an experienced operator with 13 Five Guys restaurants and several additional quick-service restaurant concepts across multiple states.
The restaurant is in Chattanooga’s North Shore neighborhood, a walkable area connected to downtown by four bridges. It sits next to a Publix and is surrounded by offices, businesses, cafes, gastropubs, boutiques, and neighborhood restaurants. The daytime population in the area is described as nearly twice the residential population.
The tenant is an experienced operator with 13 Five Guys restaurants and several additional quick-service restaurant concepts across multiple states.
Key Highlights
- 3,700‑square‑foot restaurant with patio
- Remodeled for the tenant in 2016
- NNN lease has three years remaining
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,514
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Hotels & Casinos 32%
Leisure 23%
Shops & Services 4%
AMC CLASSIC Majestic 12
Leisure
17,819 visits/mo
0.2 miles
Holiday Inn & Suites Chattanooga Downtown, an IHG Hotel
Hotels & Casinos
14,703 visits/mo
0.1 miles
Tennessee Aquarium IMAX 3D Theater
Leisure
14,304 visits/mo
0.3 miles
Chili's Grill & Bar
Dining
13,135 visits/mo
0.1 miles
Buffalo Wild Wings
Dining
12,354 visits/mo
0.3 miles
Demographics for 37405, TN
18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
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?
Conventional restaurant - Remodeled in 2016 and leased on an NNN structure with renewal options.
Where is this conventional restaurant located?
The property is located at 405 N Market Street Chattanooga, TN.
What are key features of this property?
This property features: 3,700‑square‑foot restaurant with patio; Remodeled for the tenant in 2016; NNN lease has three years remaining
