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Animal Clinic Inc. of Chattanooga 2223 E 23rd St 11,023 SF Retail Building Chattanooga, TN 37404 $2,444,264 CAD ($221.74 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Strong Parent Company & Guarantor - United Veterinary Care
- Early 15-Year Lease Extension | Brand New Roof In Process
- 2.5% Annual Increases | NN Lease with Minimal Landlord Responsibilities
- Adjacent to Milltown 45-Acre Mixed-Use Redevelopment Project
- 70-Year Operating History as Veterinary Clinic
- Conveniently Located Off Interstate 24 (125,600+ VPD)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
11,023 SF
Building Class
C
Year Built
1961
Price
$2,444,264 CAD
Price Per SF
$221.74 CAD
Cap Rate
7.50%
NOI
$183,319 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.85 AC
Zoning
M-1 - zoned for commercial use
Parking
15 Spaces (1.36 Spaces per 1,000 SF Leased)
Frontage
150’ on 23rd St
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $510,610 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$510,610 CAD
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Animal Clinic Inc. of Chattanooga | 2223 E 23rd St
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