3435 Rhea County Hwy, Dayton, TN 37321
3,877 SF | Retail Building | Dayton, TN 37321 | $2,520,240 ($650/SF) | 6.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,520,240
- Property Type
-
Retail, Restaurant
- Square Feet
- 3,877 SF
- Price / Square Foot
- $650
Listing Contacts
Jeremy Benloulou
Verified Profile
Joshua Luchs
Verified Profile
Kevin Pon
Verified Profile
- Property Info
Property Overview
Kidder Mathews is pleased to offer the opportunity to acquire this investment property that is 100% leased by Bojangles (Tenant") at 3435
Rhea County Highway, Dayton, TN 37321 ("Property"). This opportunity consists of a freestanding single-tenant property with 7.5 years left on the base term. This property is Absolute NNN, which allows for a truly passive ownership. The property is located on a large parcel with 4 convenient points of access and great visibility. It is located within close proximity to several destination retailers such as Walmart Supercenter, Lowe’s, Tractor Supply, Dollar General, Sherwin Williams, McDonald’s, Wendy’s, Burger King, Zaxby’s, Arby’s and others.
Rhea County Highway, Dayton, TN 37321 ("Property"). This opportunity consists of a freestanding single-tenant property with 7.5 years left on the base term. This property is Absolute NNN, which allows for a truly passive ownership. The property is located on a large parcel with 4 convenient points of access and great visibility. It is located within close proximity to several destination retailers such as Walmart Supercenter, Lowe’s, Tractor Supply, Dollar General, Sherwin Williams, McDonald’s, Wendy’s, Burger King, Zaxby’s, Arby’s and others.
Property Details
- Class
- B
- Year Built
- 2017
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 46,609 SF
Highlights
- Absolute Net Lease: No landlord responsibilities
- Corporate Lease: Bojangles’ Restaurants, Inc.
- Excellent Accessibility and Visibility: Located on Rhea County Highway with 20,352 vehicles per day, the main route connecting Dayton to Chattanooga
- Strategic Location: Positioned between Lowe’s and Walmart Supercenter, ensuring high traffic as Dayton residents pass by Bojangles’
- Attractive Rental Increases: 1.25% annual increase throughout the initial term and renewal options
- Market Niche: The nearest Bojangles' is 19.6 miles away, filling a void in the local market
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