Log In/Sign Up
Your email has been sent.
3601 Rossville Blvd 14,416 SF Retail Building Chattanooga, TN 37407 $1,187,832 CAD ($82.40 CAD/SF) 7.26% Cap Rate
Investment Highlights
- Lease structure: Absolute NNN Lease with over 3+ years remaining | Corporate Guarantee by EZPAWN the second largest pawn shop operator in the U.S
- Strong Traffic Exposure – Positioned along Rossville Boulevard with approximately 24,500 vehicles per day, providing excellent visibility and accessib
- Below Replacement Cost: Offered at approximately $59 per square foot, the asset is priced significantly below replacement cost, providing investors wi
- Lease tenure: With over 27 years of successful operating history at this location, the store has demonstrated long-term stability and continued perfor
- Minimal Landlord Responsibilities: Tenant is responsible for all real estate taxes, insurance, and common area maintenance. Landlord’s sole responsibi
- Strategic Location Near Downtown Chattanooga: Located along U.S. Highway 27 (Rossville Boulevard), the property is approximately 3.6 miles from Downto
Executive Summary
The property consists of a 14,000-square-foot freestanding building situated on approximately 1.02 acres of land. There are over three years remaining on the current lease term, with rental escalations scheduled every five years during the option periods. The lease is structured as an absolute NNN lease with zero landlord responsibilities. The roof was replaced in 2020 and carries a 15-year warranty.
EZPAWN operates the location and is a brand of EZCORP, Inc. (NASDAQ: EZPW), the second-largest pawn shop operator in the United States.
The property offers excellent access and visibility along Rossville Boulevard, which experiences traffic counts exceeding 24,940 vehicles per day. The surrounding area is highly dense, with more than 136,417 residents within a five-mile radius, increasing 40.6% to 196,992 during daytime hours due to the commuting workforce.
With over 27 years of successful operating history at this location, the store has demonstrated long-term stability and continued performance in the market.
EZPAWN operates the location and is a brand of EZCORP, Inc. (NASDAQ: EZPW), the second-largest pawn shop operator in the United States.
The property offers excellent access and visibility along Rossville Boulevard, which experiences traffic counts exceeding 24,940 vehicles per day. The surrounding area is highly dense, with more than 136,417 residents within a five-mile radius, increasing 40.6% to 196,992 during daytime hours due to the commuting workforce.
With over 27 years of successful operating history at this location, the store has demonstrated long-term stability and continued performance in the market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,416 SF
Building Class
C
Year Built
1965
Price
$1,187,832 CAD
Price Per SF
$82.40 CAD
Cap Rate
7.26%
NOI
$86,192 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.32
Lot Size
1.02 AC
Zoning
Commercial - General Commercial
Parking
60 Spaces (4.29 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Wheelchair Accessible
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 168A-M-010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $392,371 CAD |
Property Taxes
Parcel Number
168A-M-010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$392,371 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
3601 Rossville Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.