2 Property Portfolio Net Lease Investment Sale CLS 30613742 - 30613807

Office for Sale
Catylist Listing ID: 30613742
Property Subtypes: Net Leased
Building Size (RSF): 11,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $2,325,000
Unit Price: $211.36 PSF
Property Use Type: Net Leased Investment (NNN)
Building Name: 2 Property Portfolio Net Lease Investment Sale
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 7.25%
Last Updated: 8/6/2020

Overview / Comments

This is a (2) property portfolio of net leased investment properties to be sold together at a list price of $2,325,000.
Property is being sold as a package deal in conjunction with CLS# 30613807, 97 Gateway Blvd., Ringgold, GA 30736. 11,000 sf combined.
The (2) properties are corporate net leases by ATI Physical Therapy, ATI Holdings, LLC.
ATI is a nationally-recognized rehabilitation provider, specializing in research-based physical therapy, worker's compensation rehab, employer worksite solutions, sports rehab, home health and a variety of specialty therapies.
ATI is headquartered in Bolingbrook, IL and founded in 1996. ATI operates 830 clinics in 25 states
ATI ranks number 2 in size in the physical therapy field.
Tenant has just entered into a new 5 year lease effective June 1, 2020 with one 5 year option to renew. The lease has a $.25 bump in base rent annually.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033110B A 00213
Zoning: C-2 COMMERCIAL
Property Located Between: Hixson Pike and Highway 153
Site Description: Stand alone single tenant building.
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1997
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: All brick construction with a new roof in 2019. Freshly striped parking lot. New HVAC units in 2017 and 2019.
Parking Type: Surface
Zoning Description: C-2 Commercial
Lot Frontage: 219 Feet
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,731 38,602 97,442
Median Age: 40.06 42.06 39.77
Households: 2,156 16,898 41,833

Contact

Photograph of Listing Agent

Lee T Harper

Hudson Commercial, LLC Greater Chattanooga REALTORS® Member
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