5921 Reagan Ln Ooltewah, TN 37363-6804
- Auto shops
- 5,488 SF
- 0.80 lot acres
Current Use by Public Records
- Express Oil Change & Tire Engineers / Auto Repair Shop / Brake Shop
Property Details for 5921 Reagan Ln
- Year built
- 2021
- Lot size
- 0.80 lot acres
- Property size
- 5,488 SF
- Zone code
- C3
- Property type
- Auto shops
- APN
- 132 020.09
- APU
- 13202009
Description
This exceptional investment opportunity presents a 5,157 square foot, single-tenant net lease retail property occupied by Express Oil Change, guaranteed by Mavis Tire. Located at 5921 Reagan Ln, Ooltewah, TN 37363, this new construction building sits on a 0.74-acre lot (APN 132-020.09) and boasts a strong 5.00% cap rate with a current NOI of $154,520. The 15-year lease includes five, five-year renewal options, with rental increases of 7.50% every five years. This absolute NNN lease offers zero landlord responsibilities, making it an ideal passive income investment. The property benefits from its strategic location along US Hwy 64, just off Interstate 75, providing excellent visibility and access to a high volume of traffic (over 34,500 vehicles per day). It's shadow-anchored by a Walmart Supercenter and surrounded by other major national retailers, including Chick-fil-A, Verizon, ALDI, Starbucks, Food City, McDonald's, Panda Express, and Valvoline, indicating a strong retail trade corridor. The surrounding area demonstrates robust demographics, with over 53,334 residents within a 5-mile radius and an average household income exceeding $98,755. The asking price for this turnkey investment is $3,090,000. Mavis Tire, the parent company of Express Oil Change, operates over 1,100 service centers across 27 states, ensuring financial stability and long-term viability. This property is an excellent choice for 1031 exchange investors seeking a low-maintenance, high-return investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,085,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,270,000
- 6.5%
- $3,410,000
- 7%
- $3,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,770,000
- Geo Method
- $3,060,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,750,000
- Retail
- $3,695,000
- Mixed-Use
- $3,345,000
- Hospitality
- $2,685,000
- Educational
- $3,620,000
- Residential Income
- $2,950,000
- Energy
- $3,755,000
- Income-Based Land
- $3,555,000
- Food Service
- $3,040,000
Location Insight
- Map
- Local Demand
- City
- Ooltewah
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.0631
- Latitude
- 35.083
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
