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Archived almost 2 years ago

$8,495,000

rooms 1 ba 109463 sqft

260 16th Avenue, Dayton, TN 37321

Commercial Commercial Occupied Off MLS

Current Rent **

$10,000+

Projected Rent **

$10,000+

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Charles Davis

Tennessee Shopping Center - FOR SALE / 100% Leased

High Mark Shopping Center is a 109,500 square foot multi-tenant strip center located in fast-growing Dayton, Tennessee (Rhea County) and is currently 100% leased by a diverse tenant mix with good term remaining on the leases. Dayton is located along the Tennessee River just 39 miles north of downtown Chattanooga and lies just 29 miles west of Cleveland, Tennessee, a major suburb of Chattanooga. Harbor Freight, Dollar General, Prime Treasures, along with a number of medical and other inline retailers share the parking lot.

Over $2m of Value Add Opportunity: This is a value-add opportunity investment to increase rents over the next two years along with a potential buy back of included outparcel to minimize buyer capital exposure.

Please contact Chuck Davis (Listing Agent / Bigger Pockets Pro Member) at 423.645.3785 for more info.

Location:

260 16th Avenue, Dayton, TN 37321

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.