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    1007 Ashland Ter Chattanooga, TN 37415

    For Sale
    $3,000,000

    Multi-tenant retail, high occupancy.

    Property size:
    13,509 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Chattanooga, TN investment opportunity presents a 13,509 square foot, single-story, multi-tenant storefront at 1007 Ashland Terrace. The property, built in 1988 and renovated in 2024, boasts 100% occupancy with five tenants (AutoZone, Church's Chicken, Chattagroomer, Little Sprouts, and Farmers) under a NNN lease structure with a remaining 5-year term and 3% annual rent bumps. The stabilized investment features a 6.00% cap rate and includes 42 parking spaces on a 1.09-acre lot. Situated in a high-traffic area with excellent visibility and easy access to major roads, this Class B property is zoned C2, offering flexible commercial use. The property's recent renovations ensure it's move-in ready, minimizing upfront costs. This prime location benefits from proximity to downtown Chattanooga and its vibrant commercial district, as well as the city's renowned outdoor attractions. The property's strong tenant mix and lease terms provide a stable income stream, making it an attractive investment for both seasoned and new investors. Lease options are available. The asking price is $3,000,000.

    Property Features for 1007 Ashland Ter

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,509 SF
    Class
    B
    Lot Size
    47,480 SF

    Building Details

    Year Built/Renovated
    1988/2024
    Buildings
    1
    Stories
    1
    Units
    5

    HighLights

    • 13,509 SF single‑story multi‑tenant retail building in Chattanooga, TN.
    • 100% occupied with five tenants (AutoZone, Church's Chicken, Chattagroomer, Little Sprouts, and Farmers) under NNN leases.
    • 5‑year lease term remaining with 3% annual rent increases.
    • 6.00% cap rate, $3,000,000 asking price.
    • 42 parking spaces on a 1.09‑acre lot, C2 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farmers Insurance - Jeremy ... Insurance Agency Fletcher Bright Co Real Estate Agency Owens Financial Group Mortgage Lender Community Mortgage Corporation Mortgage Lender Keller Williams Realty: ... Real Estate Agents

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.261727315906
    Latitude
    35.115327768032

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    FAQs

    What type of property is this?
    Individual retail property - Multi-tenant retail, high occupancy.
    Where is this individual retail property located?
    The property is located at 1007 Ashland Ter Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 13,509 SF single-story multi-tenant retail building in Chattanooga, TN.; 100% occupied with five tenants (AutoZone, Church's Chicken, Chattagroomer, Little Sprouts, and Farmers) under NNN leases.; 5-year lease term remaining with 3% annual rent increases.
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    1007 Ashland Ter Chattanooga, TN 37415
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1007 Ashland Ter Chattanooga, TN 37415
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