306 Cherokee Blvd Chattanooga, TN 37405-3811

This exceptional investment opportunity presents a fully-leased, 7,000 square foot, Class A retail building located in Chattanooga, Tennessee's bustling Northshore district, a prime retail hub. The property, situated on a 0.6-acre lot, boasts a highly visible location on Cherokee Boulevard, experiencing an average daily traffic count of 16,000 vehicles. The building, constructed in 2024, features two units currently 100% occupied by Chase Bank and AFC Urgent Care, under a Net Lease (NNN) agreement. Chase Bank, backed by a corporate guarantee, occupies one unit and is slated to open in Q4 2024, while AFC Urgent Care will open in Q1 2025, also under a corporate guarantee. Both tenants benefit from a 15-year (Chase) and 10-year (AFC) initial lease term, with 10% rent increases every five years. The property offers 24 parking spaces and is zoned E-CX-4. With a current Net Operating Income (NOI) of $273,000, this investment offers a compelling 5.25% cap rate at an asking price of $5,250,000 ($750 per square foot). This represents a strong, stable investment in a rapidly growing city. The property is for sale by owner.