5435 Tn-153Chattanooga, TN 37343

Property Details for 5435 Tn-153

Year built

2025

Lot size

1.39 AC

Property size (Sq ft)

2,722 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.1396

Longitude

-85.2491

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