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3550 Broad St, Chattanooga, TN, 37409

Walgreens
$4,000,000

Key Information

Cap Rate
6.91%
$ per SF
$265
Tot. SF
15,120
Year Built
2000
Term Remaining
±6 YRS
Type
Retail
NOI
$276,249

Highlights

  • Prime Location Adjacent to New Developments: Located near a newly built baseball stadium and a brand-new Publix, this Walgreens benefits from increased traffic and visibility in a rapidly growing area with ongoing residential and commercial development.
  • New Erlanger Park: The Chattanooga Lookouts minor league team is building a new $120 million stadium is just blocks from the Walgreens.
  • Strong Demographics & Steady Traffic: Over 110,000 residents within a 5-mile radius provide a dense consumer base in this established urban market. The site benefits from consistent exposure with approximately ±119,400 vehicles per day (VPD) traveling along I-24, driving daily traffic and supporting long-term retail performance.
  • High-Quality Construction on a Large Lot: The building features attractive brick construction and sits on a sizable parcel, offering exceptional curb appeal, long-term durability, and potential for future redevelopment or expansion.
  • Strong National Credit Tenant: Walgreens, a formerly publicly traded national pharmacy brand with strong credit, anchors the property. The tenant provides reliable income and draws daily traffic, enhancing the asset’s stability and long-term investment profile.

Photos

Location

Agents

Broker of Record

Hutt Cooke

License # 263667 (TN)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203