Rite Aid - Chattanooga, TN

Located at the signalized intersection of Shelbourne Drive and State Highway 58 with visible signage from both entry points into the service lane. The site has a drive thru and 57 dedicated parking spaces. Other retailers in the immediate area include Title Max, Rent-a-Center, Verizon, Bi-Lo, Cupids Hot Dogs, Sonic Drive Thru, Waffle House, Walgreens, and Valvoline.

 

Chattanooga State Community College is located just 2.4 miles from the Rite Aid, and Miller-Motte Technical College is located just 2.4 miles from the site. Tennessee Temple University is located 5.4 miles from the site and and Chattanooga College of Medicine is located just 4.9 miles from the site.

 

The site is adjacent to Booker T Washington State Park, which provides a natural barrier to entry into the region. Additionally, Prentice Cooper State Forest and Wildlife Management Area is located just to the west, also prohibiting further commercial development into the region.

 

Chattanooga is the fourth largest city in the State of Tennessee. Chattanooga lies 135 miles southeast of Nashville, TN and about 120 miles to the northeast of Huntsville, AL. The city abuts the Georgia border and is where three major interstate highways meet (I-24, I-75 and I-59).

 

Chattanooga is home to the University of Tennessee at Chattanooga (UTC) and Chattanooga State Community College.

Additional Info

  • Address: : 4434 Tennessee 58, Chattanooga, TN 37409
  • Price: : $3,300,000
  • Net Rentable Area: : 10,908
  • Lot Size (Acres): : 1.84
  • CAP Rate: : 9.23%
  • Price Per Sqft: : $303.78
  • NOI: : $304,846
  • Year Built: : 2000
  • Status: : SOLD

What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
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Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557