Property summary
This exceptional investment opportunity presents a 3,877 square foot, single-tenant Bojangles' restaurant located at 3435 Rhea County Hwy, Dayton, TN 37321. The property boasts an absolute NNN lease with a credit-rated corporate guarantor, ensuring minimal landlord responsibilities. Built in 2017, the building benefits from a 15-year lease (commencing January 27, 2017, and expiring January 31, 2032), with approximately 7.2 years remaining on the base term and attractive 1.25% annual rent bumps. The property sits on a 1.07-acre parcel with excellent visibility and accessibility, situated on a high-traffic roadway (20,352 vehicles daily) connecting Dayton to Chattanooga. Its strategic location between Lowe's and Walmart Supercenter, along with proximity to other major retailers (including McDonald's, Wendy's, Burger King, and more), ensures consistent high traffic. The property also benefits from its proximity to Bryan College and the Nokian Tires factory, contributing to a strong local market. The asking price is $2,369,000, representing a 6.65% cap rate and a NOI of $157,515. This is a truly passive investment opportunity with significant upside potential. The property's location within the Chattanooga MSA further enhances its value and long-term prospects. The current occupancy is 100%.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning