2316 3Rd St Chattanooga, TN 37404
Sponsored
High-yield QSR, 10-year lease, strong tenant.
Property size:
1,337 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 392
Property Features for 2316 3Rd St
General Information
- Property type
- Restaurants
- Square Feet
- 1,337 SF
- Lot Size
- 24,394 SF
Building Details
- Year Built/Renovated
- 1965/2018
- Buildings
- 1
- Stories
- 1
HighLights
- Prime location in Chattanooga's medical district, ensuring high daytime population and diverse customer base.
- Strong daytime population fueled by a mix of residential and commercial properties.
- Secure, long‑term investment with a brand new 10‑year triple‑net (NNN) lease.
- $48,000 annual base rent with attractive 10% rent increases every five years, and two 5‑year renewal options for a potential 20‑year lease term.
- High‑performing quick‑service restaurant (QSR) tenant, American Wings, generating over $1 million in annual sales.
- Established tenant with active ownership and local presence since 2016.
Property Profile
Location Intelligence
Current Use by Public Records
American Wings
Fast Food Restaurant
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2659615
- Latitude
- 35.0384168
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - High-yield QSR, 10-year lease, strong tenant.
Where is this restaurant located?
The property is located at 2316 3Rd St Chattanooga, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location in Chattanooga's medical district, ensuring high daytime population and diverse customer base.; Strong daytime population fueled by a mix of residential and commercial properties.; Secure, long-term investment with a brand new 10-year triple-net (NNN) lease.
