5435 Tn-153 Chattanooga, TN 37343
- Retail properties
- 2,722 SF
- 1.39 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5435 Tn-153
- Year built
- 2025
- Lot size
- 1.39 lot acres
- Property size
- 2,722 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, 2,722 square foot Raising Cane's restaurant located at 5435 TN-153, Chattanooga, TN 37343. The property sits on a 1.39-acre lot with 39 parking spaces and boasts a 15-year absolute NNN lease with four 5-year renewal options, providing significant long-term stability. The lease includes a corporate guarantee from Raising Cane's, ensuring consistent rental income. The property benefits from a prime location near the signalized intersection of State Hwy 153 and North Point Blvd, averaging 52,000 vehicles per day. This high-traffic area is further enhanced by its proximity to Towne Center Plaza, a major shopping center with numerous national retailers. The property is part of a dense retail corridor with significant nearby national tenants, including Aldi, Target, Walmart, Home Depot, and more. Built in 2025, this property offers a 4.35% cap rate with a Net Operating Income (NOI) of $161,500 and an asking price of $3,713,000. The lease features 10% rental increases, minimizing landlord responsibilities and maximizing returns. The property's location in Hamilton County, Tennessee, offers the added benefit of no state income tax. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a thriving retail market with strong demographics and high average household incomes.
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
- -85.2491
- Latitude
- 35.1396
