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6003 Shallowford Road, Chattanooga, TN, 37421

Circle K
$1,797,106

Key Information

Cap Rate
7.5%
Tot. SF
2,640
Year Built
1989/2021R
Term Remaining
±3 Yrs
Type
Retail
NOI
$134,783

Highlights

  • Absolute NNN Lease: This property operates under a completely passive lease structure, imposing zero landlord management obligations. The tenant is fully responsible for all maintenance, operating expenses, real estate taxes, and insurance.
  • Traffic Count: Shallowford Road sees over 28,000 VPD making this an optimal location for a Gas Station / C-Store
  • Operating History: The presence of Circle K at this location since 2003 signifies strong, proven site performance and the tenant’s long-term commitment to the trade area.
  • Brand Recognition: The investment is backed by the stability of Circle K, a premier global convenience store operator with a presence in 48 states and a national ranking of 2nd, overseeing approximately 15,000 locations worldwide.
  • Growing Population: The local market is poised for continued expansion, with Chattanooga’s population increasing steadily since 2020, positioning it among Tennessee’s fastest-growing counties.
  • Retail Synergy: The site benefits from its position within a dense commercial corridor, surrounded by major national retail anchors and dealerships, including Chevrolet, Nissan, Acura, Jeep, Waffle House, and Coca-Cola, ensuring high consumer traffic.
  • High Visibility: The property enjoys prime exposure on a high-traffic main road and features direct accessibility due to its immediate proximity to I-75 and Gunbarrel Road.
  • Bonus Depreciation: This investment may qualify for 100% Bonus Depreciation, offering a significant opportunity for tax optimization. Investors should consult with a Certified Public Accountant (CPA) to confirm eligibility.
  • Tennessee Real Estate: Investing in Tennessee provides a distinct advantage as a tax-friendly state, making it exceptionally appealing for individuals and businesses focused on maximizing investment returns.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 356505 (TN)
Matthews
1600 West End, Ste. 1500 Nashville, TN 37203