3950 Brainerd Rd Chattanooga, TN 37411-3702
- Turn key restaurants
- 2,014 SF
- 0.64 lot acres
Current Use by Public Records
- Bluebird Coffee / Coffee Shop
- Hope Community Fridge / Community Center
Property Details for 3950 Brainerd Rd
- Year built
- 1942
- Lot size
- 0.64 lot acres
- Property size
- 2,014 SF
- Zone code
- C2
- Property type
- Turn key restaurants
- APN
- 157H K 009
- APU
- 157HK009
Description
This Chattanooga, TN, freestanding restaurant building presents a compelling net-lease investment opportunity. Located at 3950 Brainerd Rd, this 2,014 square foot, single-tenant property boasts a strong 3-year lease (commencing February 1, 2024, and expiring February 28, 2027), offering immediate income and built-in rent increases of 3% annually. The property, built in 1942 and renovated in 2015, sits on a 0.77-acre lot and is zoned C-2. The current tenant, responsible for most maintenance, is operating a restaurant in the space. The asking price is $375,000, representing a pro-forma cap rate of 8% and a price per square foot of $186.20. The property offers ample parking and lease options are available. This is a turnkey investment with a guaranteed income stream and significant upside potential. The property features a 100% occupancy rate and a pro-forma NOI of $30,000. The Hamilton County location provides excellent visibility and access. This is a rare opportunity to acquire a well-located, net-leased restaurant with a secure lease and strong financial performance.
Value Estimations
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2409
- Latitude
- 35.0195
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
