5508 Lee Highway
100% Occupied 12-Unit Retail Investment- Strong NOI- High Traffic Location
Marketing description
Prime Fully Leased Retail Investment | Strong Cash Flow | High-Visibility Location
Exceptional opportunity to acquire a fully occupied retail plaza positioned on a major corridor with approximately 70,000 vehicles per day, delivering outstanding visibility and consistent tenant demand. Located directly across from a Toyota dealership and just minutes from Chattanooga Metropolitan Airport, this property offers prime accessibility in one of the area’s most active commercial pockets. This property produces strong NOI, making it a true turnkey investment with immediate cash flow and additional upside through future rent increases and continued area growth. The tenant mix includes a nail and hair salon, barbershop, spa and wellness services, CPAs, a retail shop, nursing/education use, and a ministry/service-based tenant, creating a strong and diversified income stream. Many of the units have been recently remodeled within the past year, reducing deferred maintenance and improving tenant retention, while the high-traffic location near major roads, the airport, and national retailers provides excellent long-term visibility and stability.
Investment highlights
• Fully Leased 12-Unit Retail Center (100% Occupied)
• Strong In-Place NOI of ~$90,000
• Priced at $1,350,000
• High-Traffic Location (~70,000 Vehicles Per Day)
• Recently Renovated (2024) – Minimal Deferred Maintenance
• Diverse Tenant Mix – Service-Based & Retail Users
• Tenants Include Salon, Barbershop, Spa, Office & Retail Uses
• Stable Cash Flow with Immediate Income from Day 1
• Upside Potential Through Future Rent Increases
• Prime Location Across from Toyota Dealership
• Minutes from Chattanooga Airport & Major Corridors
• Strong Visibility & Accessibility for Long-Term Tenant Demand
• 9,800 SF Building on 0.79 Acres
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