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Mixed-Use Retail, Multifamily, Office 2 biens • À vendre 26 382 889 $ CAD • Chattanooga, TN



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FAITS SAILLANTS DE L'INVESTISSEMENT
- Multi-Tenant Retail; 100% occupied by two long-term NNN-leased retail tenants
- Multifamily | Lofts at Somer Station; 95.5% occupancy
- Located in Chattanooga’s fast-growing Northshore district.
- Office; 84% occupied by two long-term NNN-leased office tenants
- Walkable to Coolidge Park, Whole Foods, and Walnut Street Bridge.
RÉSUMÉ DE L'ANNONCE
Positioned in Chattanooga’s thriving Northshore district, this rare portfolio offering includes two newly constructed mixed-use assets totaling over 60,000 square feet. The properties—110 Somerville Avenue and 306 Cherokee Boulevard—combine stabilized retail, office, and multifamily components with long-term NNN leases and national credit tenants.
306 Cherokee Boulevard features 100% leased retail space anchored by JPMorgan Chase and AFC Urgent Care, both under corporate-backed leases with 10–15 year terms and structured escalations. 110 Somerville Avenue offers a dynamic mix of office and residential units. The office component includes tenants such as Society of Work and Empire Communities, with a vacant 5,000 SF suite offering upside potential. The multifamily portion, branded as Lofts at Somer Station, includes 22 fully furnished units designed for co-living and short-term stays, with 95.5% occupancy and rents ranging from $1,100 to $1,499.
Both assets benefit from riverfront adjacency, reciprocal parking easements, and walkable access to Coolidge Park, Whole Foods, Starbucks, and other lifestyle amenities. Chattanooga’s designation as “Gig City,” its 5.5% population growth, and over $4B in recent corporate investment further enhance the long-term value proposition. This portfolio offers investors a compelling blend of income stability, tenant diversity, and location-driven growth in one of the Southeast’s most dynamic urban markets.
For Sale Separately or Together
306 Cherokee Boulevard features 100% leased retail space anchored by JPMorgan Chase and AFC Urgent Care, both under corporate-backed leases with 10–15 year terms and structured escalations. 110 Somerville Avenue offers a dynamic mix of office and residential units. The office component includes tenants such as Society of Work and Empire Communities, with a vacant 5,000 SF suite offering upside potential. The multifamily portion, branded as Lofts at Somer Station, includes 22 fully furnished units designed for co-living and short-term stays, with 95.5% occupancy and rents ranging from $1,100 to $1,499.
Both assets benefit from riverfront adjacency, reciprocal parking easements, and walkable access to Coolidge Park, Whole Foods, Starbucks, and other lifestyle amenities. Chattanooga’s designation as “Gig City,” its 5.5% population growth, and over $4B in recent corporate investment further enhance the long-term value proposition. This portfolio offers investors a compelling blend of income stability, tenant diversity, and location-driven growth in one of the Southeast’s most dynamic urban markets.
For Sale Separately or Together
FAITS SUR LA PROPRIÉTÉ
| Prix | 26 382 889 $ CAD | Nombre de propriétés | 2 |
| Prix/pi² | 439,08 $ CAD / pi² | Individuellement en vente | 1 |
| Taux de capitalisation | 6,66% | Taille totale du bâtiment | 60 087 pi² |
| Type de vente | Investissement pour loyer hypernet | Superficie totale du terrain | 2,03 AC |
| Statut | Actif |
| Prix | 26 382 889 $ CAD |
| Prix/pi² | 439,08 $ CAD / pi² |
| Taux de capitalisation | 6,66% |
| Type de vente | Investissement pour loyer hypernet |
| Statut | Actif |
| Nombre de propriétés | 2 |
| Individuellement en vente | 1 |
| Taille totale du bâtiment | 60 087 pi² |
| Superficie totale du terrain | 2,03 AC |
PROPRIÉTÉS
| NOM DE LA PROPRIÉTÉ/ADRESSE | TYPE DE PROPRIÉTÉ | TAILLE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 306 Cherokee Blvd, Chattanooga, TN 37405 | Commerce de détail | 7 000 pi² | 2025 | 6 979 600 $ CAD |
|
Tomorrow Building at Somer Station
110 Somerville Ave, Chattanooga, TN 37405 |
Immeuble residentiel | 53 087 pi² | 2023 | - |
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Mixed-Use Retail, Multifamily, Office
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