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2228 S Cedar Ave 50,000 SF 100% Leased Retail Building South Pittsburg, TN 37380 $9,492,256 CAD ($189.85 CAD/SF) 7.25% Cap Rate
EXECUTIVE SUMMARY
Property Information
±94,031 SF with lay down yard
9.96 Acres
$6,800,000
7.25% CAP Rate
NNN Lease with 5 years remaining and two 5-year renewal options
I-1 Zoning
Situated in an industrial corridor adjacent to US-72 and one mile from I-24, providing direct routes to Chattanooga and Huntsville
Loading: 4 dock-high bays, 2 grade level bays
24’ clear height
HVAC: 55,000 SF has full heat and AC
464 Parking Spaces
±94,031 SF with lay down yard
9.96 Acres
$6,800,000
7.25% CAP Rate
NNN Lease with 5 years remaining and two 5-year renewal options
I-1 Zoning
Situated in an industrial corridor adjacent to US-72 and one mile from I-24, providing direct routes to Chattanooga and Huntsville
Loading: 4 dock-high bays, 2 grade level bays
24’ clear height
HVAC: 55,000 SF has full heat and AC
464 Parking Spaces
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
50,000 SF
Building Class
B
Year Built
1982
Price
$9,492,256 CAD
Price Per SF
$189.85 CAD
Cap Rate
7.25%
NOI
$688,189 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.23
Lot Size
4.98 AC
Opportunity Zone
Yes
Zoning
I-1
Parking
450 Spaces (9 Spaces per 1,000 SF Leased)
Frontage
576’ on Cedar Ave
PROPERTY TAXES
| Parcel Number | 156-036.03 | Improvements Assessment | $280,247 CAD |
| Land Assessment | $139,703 CAD | Total Assessment | $419,950 CAD |
PROPERTY TAXES
Parcel Number
156-036.03
Land Assessment
$139,703 CAD
Improvements Assessment
$280,247 CAD
Total Assessment
$419,950 CAD
CONTACTS
-
Oliver Smith -
Matthew Castle -
Brock Warwick -
Crosse Smith -
Oliver Smith Realty & Development Company
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2228 S Cedar Ave
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