Investment Overview

Marcus & Millichap is pleased to present for sale this fully permitted 14.63-acre truck stop development opportunity located off Interstate 24 in Jasper, Tennessee. Jasper is 25 miles west of Chattanooga, TN and the halfway point between Nashville, Tennessee and Atlanta, Georgia. Interstate 24 is a major trucking route helping to facilitate the rapid growth of the suburban Nashville MSA, which runs for more than 30 miles southeast of the city and is considered the most congested stretch of highway in the state. The stretch through Chattanooga also experiences severe congestion, due to an unusually high volume of truck traffic. The subject property is located on the south side of Interstate 24 with easy access to both the eastbound and westbound lanes. Daily traffic counts on Interstate 24 are 48,624 vehicles a day. Adjacent to the property is Parkridge West Hospital with limited food and convenience locations for guests and employees of the 275-bed hospital in the immediate area. Within a 10-mile radius of the property are 2.9 million square feet of industrial space and 1.6 million square feet of retail space, both with very low vacancy rates. Numerous apartment complexes surround the subject property including Bluffs Apartments, Town Creek Apartments, Riverside Apartments, Bridgeport Apartments, River Canyon Apartments and Windridge. New home developments near the subject property are Riverview Estates, River Gorge Ranch (130 Multi-Acre Lots Available), Goodall Homes - The Cottages, Wild Ridge, Stonewall Farms by Bell Development, Hawk’s Ridge by D.R. Horton and RP Communities.