Former Payless Shoe Store - LoopNet

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Listing ID: 30610021Status: ActiveProperty Type: Retail-Commercial For LeaseRetail-Commercial Type: Free-Standing Building, RestaurantContiguous Space: 3,236 SFTotal Available: 3,236 SFLease Rate: $43.25 PSF (Annual)Base Monthly Rent: $11,663Lease Type: NNN

Overview/CommentsOverview/CommentsFormer Payless Shoe Store 3,236 SF building available for lease. This rareopportunity provides a wide-range of possibilities for any retail user,located on Gunbarrel Rd., which has over 26,000 AADT. This retail pad ishighly visible and easily accessible from I-75 with . Located at a signalizedintersection and adjacent to newly constructed Chipolte, also directlyacross from the 1.1 million square foot Hamilton Place Mall and issurrounded by various medical, retail and restaurant uses. Zoned C-2allowing for a drive-thru making this a great opportunity for a retail orrestaurant. See Proposed Preliminary Site Plan for increased parking option.

General InformationGeneral InformationTaxing Authority: Hamilton CountyTax ID/APN: 149I B 001.11Retail-Commercial Type: Free-Standing Building, Restaurant, Retail-Pad,

Street RetailZoning: C-2

Building Name: Former Payless Shoe StoreGross Building Area: 3,236 SFBuilding/Unit Size (RSF): 3,236 SFLand Area: 47,480 SF

Available SpaceAvailable SpaceSuite/Unit Number: 2124 Gunbarrel RoadSpace Available: 3,236 SFMinimum Divisible: 3,236 SFMaximum Contiguous: 3,236 SFSpace Subcategory 1: MedicalSpace Subcategory 2: Free-Standing StoreSpace Type: Relet

Date Available: 05/20/2020Lease Term (Months): 120 MonthsLease Rate: $43.25 PSF (Annual)Lease Type: NNNParking Spaces: 24Real Estate Taxes: $22,000 PSF (Annual)

Space Description Former Payless Shoe Store 3,236 SF building available for lease. This rare opportunity provides a wide-range of possibilities for any retail user, locatedon Gunbarrel Rd., which has over 26,000 AADT. This retail pad is highly visible and easily accessible from I-75 with . Located at a signalized intersection and adjacent tonewly constructed Chipolte, also directly across from the 1.1 million square foot Hamilton Place Mall and is surrounded by various medical, retail and restaurant uses.Zoned C-2 allowing for a drive-thru making this a great opportunity for a retail or restaurant. See Proposed Preliminary Site Plan for increased parking option.

Area & LocationArea & LocationRetail Clientele: General, Family, Business, TouristProperty Located Between: ChipotleProperty Visibility: ExcellentLargest Nearby Street: Gunbarrel Rd.Feet of Frontage: 150

Traffic/Vehicle Count: 26,161Highway Access: Full signalized access point south of property, and

full access point to the north.Airports: Chattanooga AirportArea Description: Gunbarrel Road across from Hamilton Place Mall.

Former Payless Shoe StoreFormer Payless Shoe Store2124 Gunbarrel Rd, Chattanooga, TN 37421

Prepared by Russell P Elliott, Pointe Commercial Real EstateMay 22, 2020 on Greater Chattanooga REALTORS?

423-413-6767 [M] 423-755-0846 [O] relliott@pointecre.comTennessee Real Estate License: 215403

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Site Description Located directly on Gunbarrel Road, Approx. 3,236 SF on approx. 1.8 acres in Front of Petsmart and Lowes. Next door to Chipotle Mexican Grill.

Building RelatedBuilding RelatedTenancy: Single TenantTotal Number of Buildings: 1Number of Stories: 1Typical SF / Floor: 3,236 SFProperty Condition: ExcellentYear Built: 1995

Construction/Siding: StuccoTotal Parking Spaces: 24Parking Type: SurfacePassenger Elevators: 0Freight Elevators: 0Internet Access: Gigabit

Parking Description Currently has 24 Parking Spaces. Proposed Preliminary Site plan shows the potential for up to 44 Parking spaces with a Drive Thru Window.

Land RelatedLand RelatedZoning Description: C-2Lot Frontage: 150.72 +/-Lot Depth: 266.68 +/-

Water Service: MunicipalSewer Type: MunicipalLegal Description: LT 3 Gunbarrel Crossing PB52 PG145

LocationLocationAddress: 2124 Gunbarrel Rd, Chattanooga, TN 37421County: HamiltonMSA: Chattanooga

Property ImagesProperty Images

2020-05-15 09.08 2020-05-15 09.09

Prepared by Russell P Elliott, Pointe Commercial Real EstateMay 22, 2020 on Greater Chattanooga REALTORS?

423-413-6767 [M] 423-755-0846 [O] relliott@pointecre.comTennessee Real Estate License: 215403

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2020-05-15 09.23

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2020-05-15 09.21

Aerial Photo of 2124 Gunbarrel Road

Prepared by Russell P Elliott, Pointe Commercial Real EstateMay 22, 2020 on Greater Chattanooga REALTORS?

423-413-6767 [M] 423-755-0846 [O] relliott@pointecre.comTennessee Real Estate License: 215403

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Preliminary Site Plan for 2124 Gunbarrel Road 2

2020-05-19 08.52

2020-05-19 08.53

2020-05-19 08.54

Aerial with Logos 2

Aerial with Logos

Prepared by Russell P Elliott, Pointe Commercial Real EstateMay 22, 2020 on Greater Chattanooga REALTORS?

423-413-6767 [M] 423-755-0846 [O] relliott@pointecre.comTennessee Real Estate License: 215403

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Photo May 20, 4 58 45 PM

Photo May 20, 4 59 24 PM

Photo May 20, 5 00 07 PM

Photo May 20, 5 00 51 PM

Property ContactsProperty Contacts

Russell P ElliottRussell P ElliottPointe Commercial Real Estate

423-413-6767 [M]

423-755-0846 [O]

relliott@pointecre.com

Prepared by Russell P Elliott, Pointe Commercial Real EstateMay 22, 2020 on Greater Chattanooga REALTORS?

423-413-6767 [M] 423-755-0846 [O] relliott@pointecre.comTennessee Real Estate License: 215403

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