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110 W 10th St
Chattanooga, TN 37402
Bank of America | Absolute Net & Fee Simple · Retail Property For Sale
Investment Highlights
- Rare opportunity to own a corner lot in Chattanooga's downtown core
- Corporately guaranteed Absolute Net lease provides passive ownership for out of state investor
- Fee simple ownership allows for depreciation of the building boosting after tax returns
- Bank of America, NA is rated A+ by S&P and is the second largest bank in the US with roughly $3.5 trillion in assets
- 10% rental increases every 5 years provides hedge against inflation
- Tennessee and it's residents benefit from no state income tax, a business friendly political climate and continued job and population growth
Executive Summary
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of this new 10-Year Absolute Net Bank of America Lease in downtown Chattanooga, TN.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
976 SF
Building Class
C
Year Built/Renovated
1978/2026
Price
$1,661,472 CAD
Price Per SF
$1,702.33 CAD
Cap Rate
5%
NOI
$83,074 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
C3
Parking
15 Spaces (15.37 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Banking
- Bus Line
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 145C-F-001.01 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $381,474 CAD |
Property Taxes
Parcel Number
145C-F-001.01
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$381,474 CAD
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