Listed by NAI Charter Real Estate, NAI Charter
$5,900,000
Northgate Crossing | 1966 Northpoint Boulevard
Details
APN 110A B 002.06
Property Type Retail
Sub Type Shopping Center
Square Footage 49,368
Cap Rate 8.00%
NOI $478,064
Occupancy 100%
Tenancy Multi
Brand/Tenant Goodwill
Lease Type NNN
Year Built 1980
Stories 1
Lot Size (SqFt) 176,111
Zoning C-C
Investment Type Stabilized
Ground Lease No
100% Leased | Retail Investment
Marketing description
Northgate Crossing offers the opportunity to acquire a stabilized, 49,368± SF neighborhood retail center in Chattanooga’s established Hixson retail corridor. The property features a diversified six-tenant lineup, primarily triple-net lease structures, contractual rent escalations, and a five-year weighted average lease term. Offered at an 8.0% cap rate, the investment provides immediate cash flow with additional upside potential through below-market rents and an included 0.94± acre out-parcel.
Investment highlights
- 100% Leased
- Building Size: 49,368 Sf
- Land Size: 4.97 Acres
- Includes 0.94 Acre Out-Parcel
- 5 Year WALT
- Contractual Annual Rent Escalations
Listing Contacts
Listed by NAI Charter Real Estate, NAI Charter
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$478,064.00
$39,838.67/mo
Valuation Metrics
0
DSCR
8.1%
Cap Rate
8.1%
ROI
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