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31664522
31664528

5805 Lee Hwy, Chattanooga, TN 37421

RH
GA 598356
$1,350,000
50 days on market
Updated 19 days ago

5508 Lee Highway

Details
Property Type Office, Retail
Sub Type Traditional Office
Square Footage 9,800
Net Rentable (SqFt) 9,800
Units 12
Cap Rate 6.67%
NOI $90,000
Occupancy 100%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 8.89%
Pro-Forma NOI $120,000
Price per SqFt $138
Class B
Year Built 1972
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.790
Zoning Commercial
Investment Type Stabilized

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

Listing Contacts

RH
GA 598356

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$90,000.00
$7,500.00/mo

Valuation Metrics

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DSCR
6.67%
Cap Rate
6.67%
ROI

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