4716 Rossville Blvd, Chattanooga, TN 37407 - retail-commercial property

Detailed information about retail-commercial property which situated in Chattanooga (37407) city, Tennessee state on 4716 Rossville Blvd.
This area of Rossville includes industrial, commercial, retail and residential uses. It is a very dense population area for Chattanooga.

Additional Information: This building is occupied by The Fastenal Company as a long term tenant. Fastenal originally executed a double net (NN) lease for this property in 2005. This is an investment purchase with Fastenal as the tenant. Fastenal has two years remaining on their lease. This has been good location for Fastenal and they are likley to stay much longer. The Fastenal Company is an international company with over 2,500 locations and $260 million in sales. There are six locations in the greater Chattanooga area. Their website is www.fastenal.com. Please see the attached property description for additional detail concerning the lease. The investment capitalization rate is 9.97% at List Price. In additional to the Fastenal lease, there is a Fairway Outdoor Advertising billboard lease that provides $2,500 per year in rental income. That lease expires in 2015.