7455 Commons Blvd, Chattanooga, TN 37421
Marcus & Millichap is pleased to present for sale, this single-tenant, triple-net lease DEFY Extreme Air Sports investment opportunity located at 7455 Commons Boulevard in Chattanooga, Tennessee. The property consists of 3.33 acres improved with a 31,500-square foot industrial warehouse that is currently used as a trampoline park for sport and recreation purposes. Constructed in 2015, the property is leased to CircusTrix with a nine-year lease term that began in October 2015, and includes three five-year options with rental increases of over 12 percent. There are more than 60 DEFY Extreme Air Sports locations nationwide, including Nashville, Knoxville, and Clarksville, Tennessee. The property is located on the east side of the Chattanooga MSA, and sits less than one mile from the nearest exit of Interstate 75. Commons Boulevard intersects with Gunbarrel Road which has traffic counts over 23,000 vehicles per day, and runs directly through Hamilton Village Shopping Center, one of Chattanooga's premier retail areas that is anchored by national retailers such as Walmart, Home Depot, Bed Bath & Beyond, and T.J. Maxx among many others. DEFY Chattanooga sits in a busy shopping hub of one of Tennessee's fastest growing cities that is already home to over 160,000 people.
Marcus & Millichap is pleased to present for sale, this single-tenant, triple-net lease DEFY Extreme Air Sports investment opportunity located at 7455 Commons Boulevard in Chattanooga, Tennessee. The property consists of 3.33 acres improved with a 31,500-square foot industrial warehouse that is currently used as a trampoline park for sport and recreation purposes. Constructed in 2015, the property is leased to CircusTrix with a nine-year lease term that began in October 2015, and includes three five-year options with rental increases of over 12 percent. There are more than 60 DEFY Extreme Air Sports locations nationwide, including Nashville, Knoxville, and Clarksville, Tennessee. The property is located on the east side of the Chattanooga MSA, and sits less than one mile from the nearest exit of Interstate 75. Commons Boulevard intersects with Gunbarrel Road which has traffic counts over 23,000 vehicles per day, and runs directly through Hamilton Village Shopping Center, one of Chattanooga's premier retail areas that is anchored by national retailers such as Walmart, Home Depot, Bed Bath & Beyond, and T.J. Maxx among many others. DEFY Chattanooga sits in a busy shopping hub of one of Tennessee's fastest growing cities that is already home to over 160,000 people.
