Chattanooga, TN - EXP Realty Advisors

Golden CorralChattanooga, TN

This information has been obtained from sources deemed reliable, however EXP Realty Advisors and RPJ Commercial Realty Advisors do not guarantee, warranty or

represent its accuracy. It is the Purchaser’s responsibility to independently confirm the accuracy and completeness of the information contained herein.

Phone: 212-972-7457

Fax: 212-686-0078

Email: [email protected]

Website: www.exp1031.com


$2,286,892 8.75% CAP $200,103 NOI•Brand new absolute triple net (NNN) 15 year lease; (2) 5 year options•Large 10% escalations every 5 years, including options•Rent was calculated as 8.75% of trailing twelve month sales•Outparcel to a Kohl’s, Target and Goody’s anchored shopping center•Property is located is located in a heavy retail corridor with Home Depot, Lowe’s, Dick’s, Wal-Mart and Hamilton Place mall (anchored by Dillard’s, Belk, Sears and JCPenney) all less than one mile away•2008 Population (5-mile): 106,537; 2008 Avg. HH Income (5-mile): $68,190

1808 Gunbarrel Rd

mailto:[email protected]

http://www.exp1031.com/




Phone: 212-972-7457

Fax: 212-686-0078



1808 Gunbarrel Rd(BETWEEN IGOU GAP ROAD & CRANE ROAD)

PROPERTY SUMMARY:EXP Realty Advisors is pleased to present for sale this investment opportunity comprised of a 9,350 sfbuilding located on 1.79 acres of land. It was constructed in 2002 and is a pad site to a Target,Goody’s and Kohl’s anchored shopping center. The subject property is located in a heavy traffickedretail corridor and is located less than ½ mile from Home Depot, Lowe’s and Wal-Mart. The subjectproperty is also located less than ½ mile from Hamilton Place, a 1.1 million sq ft mall anchored by Belk,Dillard’s, JC Penny, Sears and Barnes and Noble. There are over 93,000 residents living within 3 milesof the property, with an average household income of $59,200. Chattanooga blends "Big City"amenities with "Small Town" ease of living. Area residents enjoy the friendly atmosphere, moderatehousing costs, and easy commuting typically associated with smaller communities while Chattanooga'scultural and recreational opportunities rival those in much larger metropolitan areas. Add to theseassets a downtown recently rejuvenated by a $120 million waterfront transformation and the area’sbreathtaking natural beauty and you have one of the nation’s most livable cities with much to offerpeople from all walks of life.

LEASE SUMMARY:Lease Term: 15 Years (New Lease)Options: Two (5) Year Options with 10% escalations at start of eachBase Rent: $200,103 ($29.41 PSF) annually. Rent was calculated at

8.75% of trailing 12 month salesEscalations: 10% every 5 years, including optionsRent Commencement: Upon close of escrowExpiration Date: 15 years after rent commencementLease Type: This is an absolute triple net lease. Tenant pays real estate

taxes directly and insures the property at no cost to landlord.Tenant is responsible for all repairs and replacements to theproperty.

Tenant: Fresh Restaurants

TENANT SUMMARY:Fresh Restaurants operates 6 units in Tennessee, Georgia and Alabama. It is a wholly owned divisionof Corral Group, the largest Golden Corral franchise with 44 operating units and two developmentsites located in seven states: Texas, Florida, Indiana, Kansas, Tennessee, Georgia and Alabama. Thecompany owns the land and building at 23 of its restaurants and the land for one development unit.This ownership of real estate allows significant leveragability and flexibility in financing. Golden Corralis the largest grill-buffet restaurant concept in America. For the twelfth straight year, NationsRestaurant News has named Golden Corral the #1 family steakhouse chain..

List Price: $2,286,892

NOI: $200,103

Cap Rate: 8.75%

Building Size: 9,350 sf

Acres: 1.79

Year Built: 2002

Ownership: Fee Simple

Retail Anchors: Target, Kohls, Goody’s

Financing: This Property Is

Offered Free And

Clear Of Debt







Phone: 212-972-7457

Fax: 212-686-0078



Labeled Aerial






Phone: 212-972-7457

Fax: 212-686-0078



Tax Map






Phone: 212-972-7457

Fax: 212-686-0078



Traffic Counts Map






Phone: 212-972-7457

Fax: 212-686-0078



Location Map






Phone: 212-972-7457

Fax: 212-686-0078



30 Minute Drive Time Map






Phone: 212-972-7457

Fax: 212-686-0078



1 Mile Competition Map






Phone: 212-972-7457

Fax: 212-686-0078



1-3-5 Mile Demographics Map






Phone: 212-972-7457

Fax: 212-686-0078



1-3-5 Mile Demographics Graphs






Phone: 212-972-7457

Fax: 212-686-0078



1-3-5 Mile Demographic Data

Contact Us

EXP Realty Advisors118 East 28th Street

Suite #808New York, NY 10016

Phone: (212) 972-7457 Fax: (212) 686-0078


Our Team

Robert P. JamesPresident

Phone: (212) 972-7457E-mail: [email protected]

Douglas D. McCullochDirector of Sales


Daniel de Sa'Sales Manager


1 Miles: 3 Miles: 5 Miles:

Total Population 4,729 44,074 106,537

Male Population 48.1% 48.7% 48.1%

Female Population 51.9% 51.3% 51.9%

Median Age 44.6 41.8 40.1

Population Density (per sq. mi.) 1,505.2 1,558.8 1,356.5

Employees 6,523 34,747 60,835

Establishments 509 2,774 4,971

Median HH Income $58,409 $56,293 $52,124

Per Capita Income $31,679 $29,100 $26,434

Average HH Income $74,379 $71,714 $68,190

Total Households 2,223 17,278 40,118

Average Household Size 2.12 2.46 2.56

Household Growth 1990 - 2000 24.6% 27.9% 18.2%

Owner Occupied Housing Units 54.0% 55.5% 59.9%

Renter Occupied Housing Units 32.2% 30.7% 27.1%

Vacant Housing Units 13.8% 13.8% 13.0%

White 85.8% 81.5% 72.6%

Black 8.4% 12.8% 22.9%

American Indian, Eskimo, Aleut 0.4% 0.4% 0.4%

Asian 3.3% 3.1% 2.1%

Hawaiian or Pacific Islander 0.0% 0.0% 0.0%

Other 0.5% 0.8% 0.7%

Multirace 1.5% 1.4% 1.3%

Race: 2009

Population: 2009

Income: 2009

Households: 2009

Housing: 2009



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Chattanooga, TN - EXP Realty Advisors