Published on: Thursday, August 8, 2024
Updated on: Thursday, August 8, 2024
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About the Lister
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Name: Fred Victor
Company: Atlantic Retail
Office Phone: 470 766 1776
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  Prime Retail Property in Chattanooga
7804 E Brainerd Rd Chattanooga Tennessee , 37421
7804 E Brainerd Rd Chattanooga Tennessee , 37421  Atlantic Retail
Listing ID: CL-Tennessee-11240

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 5.75
Net Operating Income: Contact Lister
Commission Split (%): 0
Quick Glance
Listing ID: CL-Tennessee-11240
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1973
Building Size: 54,256.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: 40
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | East Brainerd Flyer.pdf ( 3,109.79KB)
Listing Summary
Atlantic Capital Partners is pleased to exclusively present 7804 E Brainerd Rd, a prime retail asset located in Chattanooga, TN
Complete Details
Year Build: 1973
Building Size: 54,256 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: 40
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description
Atlantic Capital Partners is pleased to exclusively present 7804 E Brainerd Rd, a prime retail asset located in Chattanooga, TN. Occupied by Food City, a well-established grocery chain with a strong regional presence, this property is situated in East Brainerd, Chattanooga’s prominent retail node. Benefitting from a growing local population, the store enjoys resilient market demand and serves as a community anchor, supported by its consistent historical performance. This investment opportunity offers a secure income stream with a highperforming tenant. Priced at $6,969,000, reflecting a 5.75% cap rate on current income, this offering represents a compelling investment in a stable and sought-after retail sector
Additional Properties
Property Highlights
  • STRONG TENANT SALES GROWTH: Tenant boasts year-over-year increasing sales volume of 35% from 2019-2023 resulting in an occupancy cost of only 2.0%
  • FUEL CENTER ADDITION: Food City's long-term commitment to the site is evidenced by the addition of a fuel center in 2017 which has bolstered sales growth
  • ABSOLUTE NNN LEASE: Lease structure relieves Landlord of any Common Area Maintenance, Insurance, or Tax responsibilities
  • EXCELLENT EXPOSURE ALONG MAIN ACCESS ROAD: Strategic location on E Brainerd Road within Chattanooga's most prominent retail node with an average of 32,000 vehicles per day. Tennessee's second busiest mall, Hamilton Place is only a few minutes away
  • AFFLUENT TRADE AREA: 103,771 people with an average household income of $95,711 within 5 miles
  • LONG TERM TENANT COMMITMENT TO SITE: Tenant originally signed the lease in 1998 with a lease expiration in 2038 demonstrating a long-term commitment to this site and providing stable cash-flow
  • STRONG REGIONAL BRAND RECOGNITION: Food City's brand identity as a regional grocer is built on its local focus, commitment to quality and affordability, strong customer service, community engagement, and distinctive branding
  • INFLATION HEDGE: Fixed rental increases every 5 years through 2043 provide a hedge against inflation and offer stability through consistent rent growth
Listing Location