Skip to main content

Single-Tenant Industrial

1000 Sequoyah Rd

1000 Sequoyah Rd, Soddy-Daisy, TN 37379

Listing Price: $1,565,000

Cap Rate
6.36%
Gross SF
19,208
Price/Gross SF
$81.48
Lot Size
6.40 acres
Year Built
1984
Rentable SF
19,208

Investment Overview

1000 Sequoyah Drive is a 19,208 sf industrial building in Soddy Daisy, Tennessee. Located on 6.4 acres, it was built in 1984, There are 2 docks. The building is fully occupied by one tenant, Tri Tool, a specialized welding equipment company. The landlord is responsible for real estate property taxes, insurance and structural repairs to the roof, exterior walls and gutters and downspouts. The tenant is responsible for all utilities, insurance on personal property and any increases in property taxes after execution of the lease. The initial term was signed in 2018 and ends on July 23, 2023. The tenant has two 5-year renewals. Soddy Daisy is located 17-miles northwest of Chattanooga. The Chattanooga industrial market is experiencing vacancy rates of only 2.2 percent and rents grew 5.1 percent in the past 12 months.

Investment Highlights

  • Fully occupied
  • 6.36 percent Cap Rate
  • Initial lease term ends July 31, 2023 with two 5-year extensions

Exclusively Listed By

Single-Tenant Industrial

1000 Sequoyah Rd

Listing Price: $1,565,000

Cap Rate
6.36%
Gross SF
19,208
Price/Gross SF
$81.48
Lot Size
6.40 acres
Year Built
1984
Rentable SF
19,208

Investment Highlights

  • Fully occupied
  • 6.36 percent Cap Rate
  • Initial lease term ends July 31, 2023 with two 5-year extensions

Investment Overview

1000 Sequoyah Drive is a 19,208 sf industrial building in Soddy Daisy, Tennessee. Located on 6.4 acres, it was built in 1984, There are 2 docks. The building is fully occupied by one tenant, Tri Tool, a specialized welding equipment company. The landlord is responsible for real estate property taxes, insurance and structural repairs to the roof, exterior walls and gutters and downspouts. The tenant is responsible for all utilities, insurance on personal property and any increases in property taxes after execution of the lease. The initial term was signed in 2018 and ends on July 23, 2023. The tenant has two 5-year renewals. Soddy Daisy is located 17-miles northwest of Chattanooga. The Chattanooga industrial market is experiencing vacancy rates of only 2.2 percent and rents grew 5.1 percent in the past 12 months.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower