5513 Tn-153 Chattanooga, TN 37343
- Retail properties
- 15,282 SF
- 1.97 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5513 Tn-153
- Year built
- 2021
- Lot size
- 1.97 lot acres
- Property size
- 15,282 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional multi-tenant retail property, located at 5513 TN-153 in Chattanooga, Tennessee (37343), presents a compelling investment opportunity. The 15,282 square foot building, constructed in 2021, sits on a 1.97-acre lot and boasts 86 parking spaces. Currently 100% occupied, the property features a diverse tenant mix including Starbucks (with a drive-thru), T-Mobile, and other established businesses. The tenants operate under NNN leases, minimizing landlord expenses. The property enjoys a prime location along State Highway 153, a major thoroughfare with high daily traffic volume (51,800 vehicles). Excellent visibility is ensured by significant street frontage and a large pylon sign. Multiple points of ingress and egress enhance accessibility. The property benefits from its position within a dense retail corridor, near several large shopping centers anchored by national retailers like Aldi, Target, and Walmart. The strong demographics of the 5-mile trade area, with approximately 78,500 residents and 28,000 employees, and an average household income exceeding $106,000, further solidify the investment potential. The property is zoned C-2: Convenience Commercial, and the asking price is $8,187,000, representing a cap rate of 6.75% and a Net Operating Income (NOI) of $552,627. The property's APN is 099L E 012, and ownership is Fee Simple (Land & Building).
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2496
- Latitude
- 35.1435
