Skip to main content

Bank

Truist

3513 Dayton Blvd, Chattanooga, TN 37415

Listing Price: $1,653,000

Cap Rate
6.35%
Tenant Name
Truist
Years Remaining On Lease
4.8
Gross SF
4,936
Guarantor
Corporate Guarantee
Rentable SF
4,936
Price/Gross SF
$334.89
Lease Type
Absolute Net
Rent Per Square Feet
$21.25

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Chattanooga, Tennessee. The property consists of a 4,936-square-foot, freestanding building that sits on 0.77 acres of land. There are 4.8 years remaining on the current lease term, with attractive 1.5 percent annual rental increases.

Investment Highlights

  • Absolute Net Lease with 4.8 Years Remaining
  • Excellent Access and Visibility on Dayton Boulevard, Where Traffic Counts Exceed 17,638 Vehicles per Day
  • More than 92,294 Residents Within a Five-Mile Radius
  • Attractive 1.5 Percent Annual Rental Increases
  • 4.8 Miles (10 Minute Drive) to Downtown Chattanooga via Dayton Boulevard
  • Truist Financial Corporation (A-; S&P) Ranks Sixth Among U.S. Financial Institutions with over $460 Billion in Assets
  • Hamilton County's Population Increased Three Times Faster than the National Average in 2022
  • Surrounding Retailers include Food City, Walgreens, Jack's, Sherwin-Williams, Sonic Drive-In, Domino's Pizza, AutoZone and Many More

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

Financing By

Listing Price: $1,653,000

Cap Rate
6.35%
Tenant Name
Truist
Years Remaining On Lease
4.8
Gross SF
4,936
Guarantor
Corporate Guarantee
Rentable SF
4,936
Price/Gross SF
$334.89
Lease Type
Absolute Net
Rent Per Square Feet
$21.25

Investment Highlights

  • Absolute Net Lease with 4.8 Years Remaining
  • Excellent Access and Visibility on Dayton Boulevard, Where Traffic Counts Exceed 17,638 Vehicles per Day
  • More than 92,294 Residents Within a Five-Mile Radius
  • Attractive 1.5 Percent Annual Rental Increases
  • 4.8 Miles (10 Minute Drive) to Downtown Chattanooga via Dayton Boulevard
  • Truist Financial Corporation (A-; S&P) Ranks Sixth Among U.S. Financial Institutions with over $460 Billion in Assets
  • Hamilton County's Population Increased Three Times Faster than the National Average in 2022
  • Surrounding Retailers include Food City, Walgreens, Jack's, Sherwin-Williams, Sonic Drive-In, Domino's Pizza, AutoZone and Many More

Investment Overview

Marcus and Millichap is pleased to present the opportunity to acquire an absolute net lease Truist in Chattanooga, Tennessee. The property consists of a 4,936-square-foot, freestanding building that sits on 0.77 acres of land. There are 4.8 years remaining on the current lease term, with attractive 1.5 percent annual rental increases.

Exclusively Listed By

Broker of Record

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

Financing By

MM Texture Background
MM Textured Background Lower