Miscellaneous

DEFY of Chattanooga

7455 Commons Blvd, Chattanooga, TN 37421

Listing Price: $3,900,000

Cap Rate
6.61%
Tenant Name
DEFY
Years Remaining On Lease
3.6
Guarantor
Personal Guarantee
Rentable SF
31,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.19

Investment Overview

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.

Investment Highlights

  • Single-Tenant, Triple-Net Investment
  • Four Years Remaining on Lease With Three Five-Year Options
  • Global tenant with 300+ locations
  • Located in a premier retail area of Chattanooga
  • Easy Access to Interstate 75 and Gunbarrel Road With High Traffic Counts

Exclusively Listed By

Listing Price: $3,900,000

Cap Rate
6.61%
Tenant Name
DEFY
Years Remaining On Lease
3.6
Guarantor
Personal Guarantee
Rentable SF
31,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.19

Investment Highlights

  • Single-Tenant, Triple-Net Investment
  • Four Years Remaining on Lease With Three Five-Year Options
  • Global tenant with 300+ locations
  • Located in a premier retail area of Chattanooga
  • Easy Access to Interstate 75 and Gunbarrel Road With High Traffic Counts

Investment Overview

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.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower