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Shopping Community

Owl's Nest

5024 Hunter Rd, Ooltewah, TN 37363

Listing Price: $8,300,000

Cap Rate
5.33%
Gross SF
17,419
Rentable SF
17,419
Price/Gross SF
$476.49
Lot Size
2.16 acres
Year Built
2019

Investment Overview

Marcus & Millichap is pleased to present a newly constructed, 8-tenant NNN retail property located in the affluent suburb of Chattanooga-Ooltewah, TN. The Owl's Nest is a 2 structure, 17,419 square-foot strip center sitting on 2.16 acres. Both building’s are seperatley parcelized; sitting on 1.08 acres each. The property is a well-designed proto-typical retail property featuring Dunkin Donuts & KFC with Drive-Thru’s on each end cap. In addition to Dunkin & KFC, this fully internet resistant tenant roster consists of Tennova Healthcare, Baskin Robbins, EasyVet, AlignLife, Skin Fitness, and Ooltewah Nail Bar. All tenants are on a triple net lease structure with favorable rental increases providing a strong hedge against inflation. The property is located off the I-75 Freeway at the Lee Hwy Exit experiencing 93,000 and 37,000 cars per day respectively. This suburb of Ooltewah is one of the fastest growing regions in Hamilton County and home to an abundant number of restaurants and retailers. This region experienced a population growth of 34% from 2010 to 2020 and are tracking for similar growth during the next 10 years. Some of the nearby retailers include Publix, Walmart, 7-Eleven, Aldi’s, Chick-fil-a, McDonald’s, Starbucks, Taco Bell, Panda Express, Hardee’s, Burger King, Circle K, and more. Chattanooga is the 4th largest MSA in Tennessee has now outpaced Knoxville in population growth, marking it the 2nd fastest growing market in Tennessee. The Chattanooga MSA has a total population of 562,647 residents and home to a considerable number of manufacturing and service industries such as Erlanger Heath Systems, BlueCross, Amazon, McKee Foods Corp, Unum, Volkswagen of America, and more.

Investment Highlights

  • GREAT SYNERGY BETWEEN ALL INTERNET-RESISTANT TENANT ROSTER
  • 2019 HIGH-QUALITY CONSTRUCTION
  • STRATEGICALLY LOCATED FREEWAY LOCATION

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Shopping Community

Owl's Nest

Listing Price: $8,300,000

Cap Rate
5.33%
Gross SF
17,419
Rentable SF
17,419
Price/Gross SF
$476.49
Lot Size
2.16 acres
Year Built
2019

Investment Highlights

  • GREAT SYNERGY BETWEEN ALL INTERNET-RESISTANT TENANT ROSTER
  • 2019 HIGH-QUALITY CONSTRUCTION
  • STRATEGICALLY LOCATED FREEWAY LOCATION

Investment Overview

Marcus & Millichap is pleased to present a newly constructed, 8-tenant NNN retail property located in the affluent suburb of Chattanooga-Ooltewah, TN. The Owl's Nest is a 2 structure, 17,419 square-foot strip center sitting on 2.16 acres. Both building’s are seperatley parcelized; sitting on 1.08 acres each. The property is a well-designed proto-typical retail property featuring Dunkin Donuts & KFC with Drive-Thru’s on each end cap. In addition to Dunkin & KFC, this fully internet resistant tenant roster consists of Tennova Healthcare, Baskin Robbins, EasyVet, AlignLife, Skin Fitness, and Ooltewah Nail Bar. All tenants are on a triple net lease structure with favorable rental increases providing a strong hedge against inflation. The property is located off the I-75 Freeway at the Lee Hwy Exit experiencing 93,000 and 37,000 cars per day respectively. This suburb of Ooltewah is one of the fastest growing regions in Hamilton County and home to an abundant number of restaurants and retailers. This region experienced a population growth of 34% from 2010 to 2020 and are tracking for similar growth during the next 10 years. Some of the nearby retailers include Publix, Walmart, 7-Eleven, Aldi’s, Chick-fil-a, McDonald’s, Starbucks, Taco Bell, Panda Express, Hardee’s, Burger King, Circle K, and more. Chattanooga is the 4th largest MSA in Tennessee has now outpaced Knoxville in population growth, marking it the 2nd fastest growing market in Tennessee. The Chattanooga MSA has a total population of 562,647 residents and home to a considerable number of manufacturing and service industries such as Erlanger Heath Systems, BlueCross, Amazon, McKee Foods Corp, Unum, Volkswagen of America, and more.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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