CSL Plasma | Chattanooga, TN
$1,863,800
2809 E 50th St, Chattanooga, TN 37407
7.5
Cap Rate
139,785
NOI
Details:
Description:
Long-Term Tenant –
CSL Plasma has operated at this location for well over a decade. The tenant has four years remaining on the current lease term, followed by two five-year renewal options with 2.5% annual rent increases and limited landlord responsibilities.
Great Location -
Strategically positioned along Highway 27 in a primary corridor, this property enjoys exceptional visibility and exposure. The property also has an easily accessible corner location with a large parking lot. Close to major employment, education, and healthcare hubs.
Attractive Demographics & Growth -
Located about halfway between Nashville, TN, and Atlanta, GA. Chattanooga is one of Tennessee’s fastest-expanding cities, with a population that has been consistently growing for decades. The area within a ten-mile radius of the property has a population exceeding 280,000, with an average household income of over $88,000.
Strong Local Economy -
Chattanooga serves a large three-state area that includes southeastern Tennessee, northwestern Georgia, and northeastern Alabama. The city has a diversified economy and is nationally recognized for its ultra-fast municipal broadband, which has helped to attract startups, remote workers, and tech-focused firms. Chattanooga is also home to the University of Tennessee at Chattanooga & Chattanooga State Community College.
Established Regional Market -
Chattanooga is a key city in southeast Tennessee near Georgia. Chattanooga sits within easy driving distance of Atlanta, Nashville, and Birmingham. As the fourth-largest city in the state, Chattanooga benefits from its strategic location at the intersection of major interstates, making it a regional transportation and distribution hub.
NA
Documents:
| Title | ||
|---|---|---|
| CSL_Plasma___Chattanooga__TN_OM.pdf |
Location
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