Restaurant

Mellow Mushroom

2318 Lifestyle Way, Chattanooga, TN 37421

Listing Price: $2,730,635

Cap Rate
8.50%
Tenant Name
Blue Sky Two, LLC
Years Remaining On Lease
15.9
Gross SF
5,865
Guarantor
Private Guarantee
Rentable SF
5,865
Price/Gross SF
$465.58
Lease Type
Double Net
Rent Per Square Feet
$39.57

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mellow Mushroom located at 2318 Lifestyle Way in Chattanooga, Tennessee. The site consists of roughly 5,865 rentable square feet of building space and has 16.6 years left on a double-net (NN) lease. The initial annual rent will be $232,104, which is scheduled to increase by 10% every 5 years.

Investment Highlights

  • 16 Years Remaining On A Double Net (NN) Lease
  • Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years
  • Dense Retail Corridor| Walmart, The Home Depot, Target, Chick-fil-A, Lowes

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

Listing Price: $2,730,635

Cap Rate
8.50%
Tenant Name
Blue Sky Two, LLC
Years Remaining On Lease
15.9
Gross SF
5,865
Guarantor
Private Guarantee
Rentable SF
5,865
Price/Gross SF
$465.58
Lease Type
Double Net
Rent Per Square Feet
$39.57

Investment Highlights

  • 16 Years Remaining On A Double Net (NN) Lease
  • Attractive Rental Increases of Ten Percent (10%) Every Five (5) Years
  • Dense Retail Corridor| Walmart, The Home Depot, Target, Chick-fil-A, Lowes

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Mellow Mushroom located at 2318 Lifestyle Way in Chattanooga, Tennessee. The site consists of roughly 5,865 rentable square feet of building space and has 16.6 years left on a double-net (NN) lease. The initial annual rent will be $232,104, which is scheduled to increase by 10% every 5 years.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Jody McKibben

    Vice President / Regional Manager

    License(s): TN: 307629

    Tennessee

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