Marcus & Millichap Arranges $1.3 Million Sale Of 1,800 Square Foot Net-Leased Property

Monday, February 13, 2017
Marcus & Millichap announced the sale of Einstein Bros Bagels, a 1,800-square foot net-leased property located in Hixson. The asset sold for $1,387,500.
Marcus & Millichap announced the sale of Einstein Bros Bagels, a 1,800-square foot net-leased property located in Hixson. The asset sold for $1,387,500.

Marcus & Millichap on Monday announced the sale of Einstein Bros Bagels, a 1,800-square foot net-leased property located in Hixson, according to Ryan Nee, vice president/regional manager of the firm’s Fort Lauderdale office. The asset sold for $1,387,500. 

Barry M. Wolfe, first vice president Investments, Alan Lipsky, associate, and Blayne Lipman, associate, who are all in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a limited liability company, as well as the buyer, an individual/personal trust. 

Einstein Bros. Bagels is a bagel and coffee chain in the United States with approximately 800 restaurants carrying the Einstein Bros. name. It is at 5237 Hixson Pike. Einstein Bros. Bagels is located five miles from Chattanooga State Community College and less than 10 miles from the University of Tennessee at Chattanooga and Chattanooga Airport. The building was renovated in 2015. The location is a guaranteed franchise location in operation for approximately 13 months.

Mr. Lipman said, “The seller is a local Chattanooga resident who is rapidly expanding the presence of Einstein Bros. Bagel locations in the area. We were able to source the buyer from California and manage the process through three time zones.”



Developers Sought For Former Coats American Property In Walker County

The Walker County Development Authority (WCDA) moved forward with plans this week to put the former Coats American property in Rossville on the market. The WCDA issued a Request for Proposals (RFP) from area business leaders and others to purchase the eight acre site. In addition to submitting a monetary offer, potential buyers should describe their plans for the property, ... (click for more)

Chattanooga's Compass Auction Featured In Magazine For Handling 2 Big Auctions

Chattanooga-based Compass Auctions & Real Estate was featured in Auctioneer magazine for handling two big auctions successfully in 2017. The article says, "Despite two very different sellers with extremely different assets, NAA Pro Paige Holt and her team at Compass Auctions & Real Estate, a Chattanooga, Tn.-based auction and real estate company, accomplished two massive ... (click for more)

Fleischmann Blames Senate Democrats On Government Shutdown

Congressman Chuck Fleischmann blamed Senate Democrats after the Senate’s failure to pass the Continuing Resolution (CR), putting a government shutdown into place. He said,  “I cannot fathom how Senate Democrats, knowing the severity of the issues in question, acted with such insensitivity using our children and our military as pawns, putting party over country. ... (click for more)

Elderly Man Dies In House Fire In Cleveland

An elderly man died in a house fire in Cleveland on Friday night. Neighbors said they were able to pull a woman from the flames at the home at 685 4th St. SE, but were unable to save the man. Fire crews went to the scene shortly after 7 p.m. The cause of the fire is being investigated. (click for more)

DACA Or Amnesty To Become The Majority?

As we have the political drama that we see in D.C. let’s be honest about what DACA is all about. We understand as the liberal policies of abortion, dependency on the government and an anti-American globalist / progressive agenda that many have come to realize these policies no longer represent their core beliefs and have left a certain party. Without an influx of new dependency ... (click for more)

Roy Exum: The Saturday Funnies

It is said that a 15-year-old in Minnesota, where just like the rest of the United States prayer in schools is prohibited, was tasked with writing an essay. He turned in his paper and, as it was returned with an A-plus, it is only fitting that something this clever should begin this week’s edition of The  Saturday  Funnies. Those who enjoy the Funnies understand that ... (click for more)