3334 Broad St Chattanooga, TN 37408-3061
- Drive through restaurants
- 894 SF
- 1.00 lot acres
Jan 06, 2025
Current Use by Public Records
- Dunkin' / Fast Food Restaurant / Takeout Restaurant
Property Details for 3334 Broad St
- Year built
- 2020
- Lot size
- 1.00 lot acres
- Property size
- 894 SF
- Zone code
- M1
- Property type
- Drive through restaurants
- APN
- 155J G 019.02
- APU
- 155JG01902
Description
This exceptional investment opportunity presents a fee-simple Dunkin' located at 3334 Broad St, Chattanooga, TN 37408. The property boasts a 2,000 square foot, single-tenant building constructed in 2020, featuring a drive-thru and situated on a 0.5-acre lot. Benefitting from a high-traffic location on Broad Street (24,000+ vehicles per day), this property enjoys strong retail synergy with nearby national brands including Publix, Wendy's, and Walgreens. The 15-year absolute NNN lease (with four 5-year options) commenced February 1, 2023, and includes 8% rent bumps every five years, providing inflation protection. The current NOI is $94,000, representing a 5.00% cap rate and a price per square foot of $940. The property's prime location is further enhanced by its proximity (0.3 miles) to Chattanooga Christian School, Hamilton County's largest private school (1,400+ students). With over 48,000 people and 19,000 households within a 3-mile radius, this Dunkin' enjoys ideal retail demographics. The property offers five parking spaces. This is a rare opportunity to acquire a well-performing, long-term net lease asset in a thriving market. The building is a single-story structure.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,780,000
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Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.3223
- Latitude
- 35.0166
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
