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5231 Wilbanks Dr

Chattanooga, TN
Total Size
3,128 sqft
Parking Ratio
5 (per 1000 SF)
Year Constructed
Year Renovated
Building Class

About 5231 Wilbanks Dr

This 3,128 SF retail center has four suites which are currently all leased on a month-to-month basis. Total monthly rental income is $2,450 with annual income at $29,400. The seller preferred to have month to month leases so there is the opportunity to obtain longer leases if wanted. Suite 101 leases for $500/month; suite 105 is $500/month; suite 109 is $800/month and suite 113 is $650/month. This averages about $8.63/SF. The Seller pays for taxes, property insurance, electricity, water and major maintenance. The annual expenses run about $6,000 so the Net Operating Income (NOI) is about $23,000 per year. - Parking description: There is a gravel parking lot in front which allows you to pull directly in front of the retail stores. - Area description: The Hixson submarket is probably the second fastest growing area in terms of population for greater Chattanooga. The area is made up of a mixture of commercial, industrial and residential users. Nearby are the Bi-Lo and Publix grocery stores. - Number of buildings: 1 - Building condition: Good - Tenancy: Multiple Tenants

Internet Providers for 5231 Wilbanks Dr

Provider Technology Max Download Speed Max Upload Speed
EPB Fiber
10 Gb/s
10 Gb/s
Comcast Cable
1 Gb/s
25 Mb/s
AT&T Tennessee DSL
25 Mb/s
3 Mb/s

The City: Chattanooga

Most listings are in the $20's per square foot per year. The Chattanooga region is experiencing a decline in rates. In the last 3 months, the median rate fell $1 per sqft per year. That's a 6% decrease in rent.

Median Rate Median Size
Chattanooga $21

Median Rate over Time in Chattanooga