Whataburger | 20-Year Absolute NNN Ground Lease
$3,500,000
2332 Shallowford Village Drive, Chattanooga, TN 37421
For Sale
Retail
Active
Last Updated: 01/07/2026
5.5
Cap Rate
192,500
NOI
Details:
Cap Rate: 5.5%
NOI: $192,500
Building Size: 3,600 sqft
Lot Area: 0.81 acres
Occupancy: 100%
Lease Type: Ground
Year Built: 2026
Tenancy: Single
Lease Expire Year: 2046
Highlights:
- Brand New 20-Year Absolute NNN Ground Lease No Landlord management or maintenance obligations whatsoever
- 10% Rent Increases Every 5-Years During Primary Lease Term & Options
- Brand New 2026 Construction | Latest Building Design
- Whataburger - Renowned Burger Chain & Rapidly Expanding
- Dense Infill Chattanooga Location Situated Along I-75 (93,000 VPD)
- Dominant Retail Hub Location | Across from Hamilton Place
Description:
The subject property is a newly constructed (2026) single tenant Whataburger in Chattanooga, TN. The property operates under a new 20-year NNN ground lease in a prime location just off Interstate Hwy 75 with high visibility of 93,000 VPD. The site boasts strong demographics, with an average household income of $86K within a 5-mile radius, and is situated in a dense infill location surrounded by national retailers and hotel chains. The location is slated to be open 24 hours a day with a convenient dual-lane drive-thru.
TN Broker of Record: Jason Hernandez
License: 377081
Documents:
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Whataburger-Chattanooga__TN_OM.pdf
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Location
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