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Northgate Crossing 1966 Northpoint Blvd 49,368 SF 100% Leased Retail Building Hixson, TN 37343 $8,301,300 CAD ($168.15 CAD/SF) 8.10% Cap Rate
Executive Summary
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.?
Data Room Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
49,368 SF
Building Class
B
Year Built
1980
Price
$8,301,300 CAD
Price Per SF
$168.15 CAD
Cap Rate
8.10%
NOI
$672,636 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.22
Lot Size
5.21 AC
Zoning
C - Commercial
Parking
250 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
402’ on Northpoint Blvd
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- TN Nails & Spa
- Services
- -
- -
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| TN Nails & Spa | Services | - | - | Jan 0000 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 110A-B-002.06 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,503,070 CAD |
Property Taxes
Parcel Number
110A-B-002.06
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,503,070 CAD
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Northgate Crossing | 1966 Northpoint Blvd
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