5319 Ringgold Road, Chattanooga, TN
Retail for Sale - $1,475,000 - 30,000 Sq. Ft. on 3.37 acres
Property Info
CIMLS# | 631831 |
Location 5319 Ringgold Road Chattanooga TN 37412 | |
Updated | May 16th, 2014 |
Type | Retail |
Price | $1,475,000 |
Building | 30,000 Sq. Ft. |
Land | 3.37 acres |
Property Description
Huntington Place Shopping Center is a +/- 30,000 square foot retail center, in East Ridge, Tennessee, near the Tennessee and Georgia border. The property benefits from its prime location on Ringgold Road (US Highway 41) with a traffic count of over 23,000 cars per day. Other prominent retailers in the immediate vicinity include: Walgreens, AutoZone, Food Lion, Eckerd's, Advance Auto Parts and KFC.
The shopping center is anchored by Family Dollar and is currently 85% occupied with tremendous upside in leasing one vacant suite. Other tenants in the center include: USA Sports, Christian Family Bookstore, TexCare and Fast Access Healthcare. The shopping center is in excellent condition and requires minimal maintenance as it is constructed of split faced block with a concrete parking lot covering a majority of the property. The property is priced well below replacement cost at only $49.00/sq ft.
Family Dollar is one of the fastest growing discount