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5803-5805 Lee Hwy 9,800 SF 100% Leased Office Building Chattanooga, TN 37421 $1,858,316 CAD ($189.62 CAD/SF) 6.67% Cap Rate
Investment Highlights
- High Traffic Location with 70,000 vehicles per day
- Fully leased with strong tenant mix
- Excellent visibility on Lee Hwy corridor
Executive Summary
Prime Fully Leased Retail Investment | Strong Cash Flow | High-Visibility Location
Exceptional opportunity to acquire a fully occupied retail plaza positioned on a major corridor with approximately 70,000 vehicles per day, delivering outstanding visibility and consistent tenant demand. Located directly across from a Toyota dealership and just minutes from Chattanooga Metropolitan Airport, this property offers prime accessibility in one of the area’s most active commercial pockets. This property produces strong NOI, making it a true turnkey investment with immediate cash flow and additional upside through future rent increases and continued area growth. The tenant mix includes a nail and hair salon, barbershop, spa and wellness services, CPAs, a retail shop, nursing/education use, and a ministry/service-based tenant, creating a strong and diversified income stream. Many of the units have been recently remodeled within the past year, reducing deferred maintenance and improving tenant retention, while the high-traffic location near major roads, the airport, and national retailers provides excellent long-term visibility and stability.
Exceptional opportunity to acquire a fully occupied retail plaza positioned on a major corridor with approximately 70,000 vehicles per day, delivering outstanding visibility and consistent tenant demand. Located directly across from a Toyota dealership and just minutes from Chattanooga Metropolitan Airport, this property offers prime accessibility in one of the area’s most active commercial pockets. This property produces strong NOI, making it a true turnkey investment with immediate cash flow and additional upside through future rent increases and continued area growth. The tenant mix includes a nail and hair salon, barbershop, spa and wellness services, CPAs, a retail shop, nursing/education use, and a ministry/service-based tenant, creating a strong and diversified income stream. Many of the units have been recently remodeled within the past year, reducing deferred maintenance and improving tenant retention, while the high-traffic location near major roads, the airport, and national retailers provides excellent long-term visibility and stability.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
9,800 SF
Building Class
B
Year Built/Renovated
1972/1977
Price
$1,858,316 CAD
Price Per SF
$189.62 CAD
Cap Rate
6.67%
NOI
$123,950 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,800 SF
Building FAR
0.28
Lot Size
0.79 AC
Zoning
C-C - Commercial
Parking
56 Spaces (5.71 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- Drop Ceiling
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- American Home Mortgage Company
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- Fort O Rare Coins
- Retailer
- -
-
$9.99
-
Lorem Ipsum
- -
- of record
- -
- -
-
$9.99
-
Lorem Ipsum
- -
- Rejuvenate Steam Spa
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| American Home Mortgage Company | Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Fort O Rare Coins | Retailer | - | $9.99 | Lorem Ipsum | - | |
| of record | - | - | $9.99 | Lorem Ipsum | - | |
| Rejuvenate Steam Spa | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 158A-C-021 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $521,248 CAD |
Property Taxes
Parcel Number
158A-C-021
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$521,248 CAD
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Videos
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Photos
Street View
Street
Map
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Presented by
Keller Williams CT Capital
5803-5805 Lee Hwy
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