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110 W 10th St
Chattanooga, TN 37402 City Center

$1,200,000 USD

Bank For Sale  •  976 SF

Property Details

  • Property Type Bank
  • Total Building Size 976 SF
  • Lot Size 0.27 AC
  • Building Class C
  • Year Built 1978
  • Cap Rate 5.00 %
  • Tenancy Single
  • Zoning C3
60 Transit Score
70 Walk Score

Highlights

Rare opportunity to own a corner lot in Chattanooga's downtown core
Bank of America, NA is rated A+ by S&P and is the second largest bank in the US with roughly $3.5 trillion in assets
Corporately guaranteed Absolute Net lease provides passive ownership for out of state investor
10% rental increases every 5 years provides hedge against inflation
Fee simple ownership allows for depreciation of the building boosting after tax returns
Tennessee and it's residents benefit from no state income tax, a business friendly political climate and continued job and population growth
Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
bank of america
chase bank

Amenities

  • Banking
  • Bus Line
  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

Public Transportation

AirportDriveWalkDistance
Lovell Field 20 min - 8.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners