


2332 Shallowford Village Dr
Chattanooga, TN
Price:
$3,500,000
Cap Rate:
5.50%
NOI:
$192,500
Ownership Type:
Ground Lease
Building Size:
3,360 SF
Lot Size:
0.81 Acres
Lease Type:
Absolute NNN Ground Lease
Term Remaining:
20 Years
Rent Increases:
10% Every 5 Years
Lease Options:
6, 5 Year
Guarantor:
Franchisee (MWB Restaurants)
No landlord management or maintenance obligations whatsoever. Passive long-term lease shall commence upon Close of Escrow, offering a new investor the maximum attainable term.
Freeway visibility from I-75 (93,000+ VPD). Surrounded by national hotel chains including Comfort Suites, Fairfield Inn, Hilton Garden Inn Residence Inn, Home2Suites, Staybridge Suites, Towneplace Suites, Red Roof Inn and more.
Modernized building design includes a dual-lane drive through that significantly expedites ordering and can help increase site-level volumes.
View OMSubmit To View OMSenior Managing Director, Investments
(925) 989-8198
jason.hernandez@marcusmillichap.com
Investment Sales
(203) 962-2042
jack.oneill@marcusmillichap.com
Associate
(901) 612-0515
jackson.lyons@marcusmillichap.com