3702 Dayton Blvd Chattanooga, TN 37415-4009

Property Details for 3702 Dayton Blvd

Year built

1969

Lot size

0.27 lot acres

Property size

3,440 SF

Property type

Office Properties & Spaces

APN

118A K 008

APU

118AK008

Description

This exceptional investment opportunity presents a fully leased, 3,440 square foot office building situated on a 0.26-acre lot at 3702 Dayton Blvd, Chattanooga, TN 37415. The single-story, Class B building, constructed in 1969 and extensively renovated in 2021, boasts 100% occupancy with three tenants. The anchor tenant, Edward Jones, occupies a significant portion of the space under a five-year lease with annual rent increases and a five-year renewal option. A bridal shop recently signed a two-year lease renewal, demonstrating strong tenant retention. The third unit is leased to a single office tenant. The property features ample parking, excellent visibility, and a convenient location minutes from downtown Chattanooga. The building is zoned C-2 and offers a strong net operating income (NOI) of $34,082, resulting in a 6.09% cap rate. The asking price is $560,000, translating to $162.79 per square foot and $186,666.67 per unit. This is a net lease investment with built-in rent bumps, offering a stable and attractive return for the discerning investor. There is no ground lease. The property is offered for sale by the owner. This is a turnkey investment with no deferred maintenance, providing immediate cash flow and long-term growth potential.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Longitude

-85.2915

Latitude

35.1154

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments