Signal Mountain Road Starbucks Sells For $1.8 Million

Monday, January 11, 2021

A building housing a new Starbucks on Signal Mountain Road has sold for $1.8 million.

The 2,100-square-foot retail building had opened last summer at the shopping center anchored by Food City.

The seller, from New York, was represented by the Palomar Group. Chris Schellin of Westwood Net Lease Advisors represented the buyer from Charleston, S.C.

Officials said Starbucks has 10 years remaining on the double-net lease, which includes four five-year extension options.


Northtowne Shopping Center On Highway 153 Sells For $14 Million

Crye-Leike Sets Record Company Sales

Car Wash In East Brainerd Sells For $2,166,667


The Northtowne Centre shopping center in Hixson has sold for $14 million. The 257,744-square-foot center is located at 5450 Highway 153. It includes Hobby Lobby, Ashley Furniture Outlet, ... (click for more)

Crye-Leike Real Estate Services announces that it has experienced its best year in company history, generating $7.5 billion in sales volume and closing 31,578 transactions in 2020. This resulted ... (click for more)

A car wash in East Brainerd has sold for $2,166,667. Goo Goo Car Wash is at 1833 Gunbarrel Road. The sale was to Mjbk Capital Llc from Imo Us Georgia Llc. (click for more)



Real Estate

Northtowne Shopping Center On Highway 153 Sells For $14 Million

The Northtowne Centre shopping center in Hixson has sold for $14 million. The 257,744-square-foot center is located at 5450 Highway 153. It includes Hobby Lobby, Ashley Furniture Outlet, American Freight & Mattress, Dollar Tree and other stores. Officials said the property was recently upgraded. The sale was to Northtown Centre Investors LLC of Weston, Florida. ... (click for more)

Crye-Leike Sets Record Company Sales

Crye-Leike Real Estate Services announces that it has experienced its best year in company history, generating $7.5 billion in sales volume and closing 31,578 transactions in 2020. This resulted in a 13 percent and $1 billion increase from 2019. Despite the obstacles that the year presented, record low mortgage rates, new household formation and heavy buyer interest in moving ... (click for more)

Breaking News

County Schools Will Stay On Virtual Learning Next Week Unless School Board Decides Differently On Thursday Night

Due to the current Phase Tracker level of 1.02 percent based on local COVID-19 trend data for the five-day average, all Hamilton County Schools will continue a remote learning schedule next week. Officials noted that Wednesday ’s active case count was at 3,096 cases versus the peak on Jan. 11 of 4,717 active cases. However, officials said, "The Hamilton County School Board ... (click for more)

Cleveland City Schools To Resume In-Person School For All Students Starting Monday

Cleveland City Schools will go back to in-person school for all students next Monday. Officials said, "We continue to monitor active case counts and other data points in our community. In consultation with the health department and a downward trend of local cases, the district will be in the Yellow Phase the week of January 25-29. All students will be in a traditional, in-person ... (click for more)

Opinion

It's Time For Impact Fees

This letter is regarding the potential high density development on Snowhill Road in Ooltewah. Growth is good. But it needs to be responsible growth. It would be instructive to see studies by other communities who have already gone through this so we can understand just what is the taxpayer cost burden of these high density developments. Additional taxes to add infrastructure, ... (click for more)

Roy Exum: The Vols Ain't Dead

Matt Hayes, a writer for the SaturdayDownSouth.com website, was blistering in his view of what has been allowed to happen to the once-mighty University of Tennessee football program just hours after coach Jeremy Pruitt went down in flames on Monday. “I’ve got some harsh words for those in power at Tennessee, something they don’t want to hear but better embrace. It’s not the 1990s ... (click for more)