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29112410
29112411

3980 Ringgold Rd, East Ridge, TN 37412

AG
TN 367493, GA 403686
Cushman & Wakefield - Nashville, Tennessee
EH
IL 475120259
Cushman & Wakefield - Nashville, Tennessee
DM
IL 475.122515
Cushman & Wakefield - Chicago, Illinois
Listed by Cushman & Wakefield - Nashville, Tennessee, Cushman & Wakefield - Chicago, Illinois
$1,858,000
176 days on market
Updated 7 days ago

Dollar Tree

Details
APN 168E-N-005
Property Type Retail
Sub Type Convenience Store, Storefront (+1)
Square Footage 10,722
Net Rentable (SqFt) 10,722
Units 1
Cap Rate 7.5%
NOI $139,386
Occupancy 100%
Tenancy Single
Brand/Tenant Dollar Tree
Lease Type NN
Lease Term 10
Lease Expiration 07/31/2033
Remaining Term 7.1
Rent Bumps Yes
Lease Options Five periods of 5 years each with at least 6 months prior written notice
Price per SqFt $173
Year Built 1997
Buildings 1
Stories 1
Acreage 1.340
Parking Spaces 46 spaces
Parking Per SqFt 4.29
Investment Type Net Lease
Lease Commencement 08/01/2023
Ground Lease No

STNL Dollar Tree | Chattanooga MSA

Investment highlights

• INVESTMENT GRADE CREDIT TENANT

Dollar Tree, Inc. (NASDAQ: DLTR) maintains an investment grade credit rating of BBB (S&P) with a stable outlook, providing investors with secure and predictable income backed by a financially strong, nationally recognized corporation.

• LONG-TERM LEASE

Dollar Tree has over 7.2 years remaining on the lease, offering investors long-term income security through at least 2033.

• CHATTANOOGA MSA LOCATION

The property is located in East Ridge, TN, within the Chattanooga, TN–GA MSA, home to approximately 590,000 residents and supported by strong job growth over the past decade driven by healthcare, logistics, manufacturing, and education employers, fueling consistent retail demand and long-term tenant stability.

• PASSIVE LEASE STRUCTURE

The tenant operates under a Double Net (NN) lease, with landlord responsibilities limited to the roof, structure, and parking lot, providing a largely passive ownership profile.

• DENSE RETAIL CORRIDOR

Positioned along Ringgold Road with traffic counts exceeding 21,000 vehicles per day, the property is surrounded by national retailers including Save A Lot, The UPS Store, Food City, Walmart Neighborhood Market, Bojangles, and others, reinforcing strong traffic and co-tenancy synergies.

• TAX-FREE STATE

Tennessee has no state income tax, enhancing after-tax returns and making the state an attractive destination for long-term real estate investment

Listing Contacts

AG
TN 367493, GA 403686
Cushman & Wakefield - Nashville, Tennessee
EH
IL 475120259
Cushman & Wakefield - Nashville, Tennessee
DM
IL 475.122515
Cushman & Wakefield - Chicago, Illinois
Listed by Cushman & Wakefield - Nashville, Tennessee, Cushman & Wakefield - Chicago, Illinois

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$139,386.00
$11,615.50/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

Map

Zoning

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C-2 CommercialGeneral CommercialGeneral Commercial District
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Last updated Jan 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Alex Goodman
License
367493
Brokerage Phone
(615) 301-2809
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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