Retail Space / Tennessee / Dayton / 37321 / 120 Iowa Avenue

120 Iowa Avenue

Q: What is the asking price for 120 Iowa Avenue in Dayton?

The asking price for 120 Iowa Avenue is $2,225,000

Q: What is the building size of this Retail property in Dayton, TN?

The size of the building/unit at 120 Iowa Avenue in Dayton is 2,292 square feet.

Q: How much land does the Dayton, TN property at 120 Iowa Avenue include?

120 Iowa Avenue in Dayton includes 0.810 acres of land.

Q: What kind of Retail is the propery at 120 Iowa Avenue?

The property at 120 Iowa Avenue Dayton, TN 37321 is listed as a Food Service Retail property.

Q: What is the population within 1 mile of 120 Iowa Avenue?

The population within 1 mile of 120 Iowa Avenue Dayton, TN 37321 is 1,371 people.

Q: Who do I contact for questions about 120 Iowa Avenue?

You should contact the listing agent, Andrew Jaworski, for any details regarding this commercial listing.

Dayton, TN 37321

Listing ID: 275528

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120 Iowa Avenue | for Sale | Thumbnail 1

120 Iowa Avenue | for Sale | Thumbnail 2

Building Size: 2,292 SF

Lot Size: 0.810 AC

Land Size: 35,283 SF

Building $/SF: $970.77

Land $/SF: $63.06

Price

$2,225,000

Property Highlights

Freshly Renovated Building Featuring Krystal Iconic Series Prototype

New 25-Year Absolute NNN Lease To Be Executed at Close of Escrow

25-Year Absolute NNN Lease - Zero Landlord Responsibilities

1.0 Annual Rent Escalations Starting in Year 6

Tenant Renewal Options Three 3, Five-Year Options

Located on a Major Thoroughfare

Description

Marcus & Millichap is pleased to present this exclusive listing of a freestanding Krystal Restaurant located at 120 Iowa Ave, in Dayton, TN. The site constructed in 1994 consists of 2,292 rentable square feet of building space and sits on an approximately 0.81 acre parcel of land. Krystal is subject to a brand new, 25-year Absolute NNN lease, the starting base rent shall be $119,989 with 1.0% annual escalations starting in year six. There will be three five-year tenant renewal options with 1.0% annual rental increases in each of the Five-year option periods, extending the total possible lease term to 40 years. The subject property has displayed strong performance throughout its history in Dayton, as a result WAC Enterprises recently completed a major re-model and will execute a new 25-Year Absolute NNN Lease at Close of Escrow.

Points of Interest & Demographic Radii

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POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.

Chattanooga History of Retail Space for Sale

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Listing Demographics for 120 Iowa Avenue Dayton, TN 37321

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

		1-Mile	3-Miles	5-Miles
Total Population		1,371	9,376	17,074
Population Median Age		35	36	38
Population by Age	0-9 Yrs	259 (18%)	1580 (16%)	2434 (14%)
	10-19 Yrs	179 (13%)	1247 (13%)	2309 (13%)
	20-29 Yrs	215 (15%)	1456 (15%)	2447 (14%)
	30-39 Yrs	169 (12%)	1256 (13%)	2296 (13%)
	40-49 Yrs	130 (9%)	878 (9%)	1665 (9%)
	50-59 Yrs	182 (13%)	1154 (12%)	2213 (12%)
	60-69 Yrs	124 (9%)	917 (9%)	1873 (10%)
	70+ Yrs	112 (8%)	889 (9%)	1838 (10%)

Median HH Income		$38,099	$39,837	$41,263
Total Household Income	< 24K	136 (31%)	955 (30%)	1769 (29%)
	25-49K	131 (30%)	908 (28%)	1703 (28%)
	50-74K	65 (15%)	455 (14%)	953 (15%)
	75-99K	52 (12%)	419 (13%)	769 (12%)
	100-199K	36 (8%)	354 (11%)	710 (11%)
	200K+	8 (1%)	56 (1%)	134 (2%)

Highest Education Level	No Diploma	226	1394	2469
	Diploma or GED	278	1881	3776
	Some College	177	1197	2245
	Assoc. Degree	54	466	879
	Bachelors Degree	49	431	859
	Higher Degree	36	382	757

Total Housing Units		498	3,680	7,046
--Owner-Occupied		241	1,940	3,985
--Renter-Occupied		186	1,206	2,054
Owner-Occupied Values	< 100K	129	903	1747
	100-199K	74	636	1377
	200-299K	24	224	440
	300-399K	5	59	127
	400-499K	6	50	115
	500K+	3	68	180

Total Working Age Population		1,001	7,098	13,351
In Work Force		545	3,963	7,424
Not In Work Force		456	3,136	5,927
Workforce Employed		482	3,612	6,802
Workforce Unemployed		63	351	622
Civlian Workforce		545	3,963	7,424
Military Workforce		0	0	0

Total Households		427	3,146	6,039
Family Households		317	2,185	4,010
Non-Family Households		111	961	2,029
Married Couple		202	1,475	2,827
Other Family		115	710	1,183
Married w/Child		82	561	966
Single Male w/Child		26	113	151
Single Female w/Child		28	243	397

Population Change Last Two Decades - Plus Projection

	2000	%	2010	%	2020	%	2030
Tennessee	5,689,283	+12	6,346,105	+9	6,886,369	+7	7,393,069
Bledsoe County	12,367	+4	12,876	+17	15,017	+7	16,009
Hamilton County	307,896	+9	336,463	+10	369,802	+6	393,428
Meigs County	11,086	+6	11,753	+6	12,461	+5	13,054
Rhea County	28,400	+12	31,809	+5	33,479	+5	35,285

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No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Common Questions and Answers

What is the asking price for 120 Iowa Avenue in Dayton?

The asking price for 120 Iowa Avenue is $2,225,000

What is the building size of this Retail property in Dayton, TN?

The size of the building/unit at 120 Iowa Avenue in Dayton is 2,292 square feet

How much land does the Dayton, TN property at 120 Iowa Avenue include?

120 Iowa Avenue in Dayton includes 0.810 acres of land

What kind of Retail is the propery at 120 Iowa Avenue?

The property at 120 Iowa Avenue Dayton, TN 37321 is listed as a Food Service Retail property

What is the population within 1 mile of 120 Iowa Avenue in Dayton?

The population within 1 mile of 120 Iowa Avenue Dayton, TN 37321 is 1,371 people.

Who do I contact for questions about 120 Iowa Avenue?

You should contact the listing agent, Andrew Jaworski, for any details regarding this commercial listing.

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Closest Commercial Airports

Airport	Distance (mi)
Chattanooga Metropolitan Airport (Lovell Field) (CHA)	33
McGhee Tyson Airport (TYS)	62
Nashville International Airport (BNA)	103