2 Property Portfolio Net Lease Investment Sale CLS 30613742 - 30613807

Office for Sale
Sale Pending
Catylist Listing ID: 30613742
Property Subtypes: Net Leased
Status: Pending
Building Size (RSF): 11,048 SF
Gross Building Area: See Agent
Gross Land Area: 0.80 Acres
Sale Price: $2,100,000
Unit Price: $190.08 PSF
Property Use Type: Investment
Building Name: 2 Property Portfolio Net Lease Investment Sale
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 3/9/2021

Overview / Comments

This is a (2) property portfolio of net leased investment properties to be sold together at a list price of $2,100,000.
Property is being sold as a package deal in conjunction with CLS# 30613807, 97 Gateway Blvd., Ringgold, GA 30736 (https://commercial.gcar.net/listing/30613807). 11,048 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 was founded in 1996. ATI operates 830 clinics in 25 states and ranks number 2 in size in the physical therapy field.
Tenant has just entered into a new 5-year NN lease effective June 1, 2020, with one 5-year option to renew. The lease has a $.25 bump in base rent annually. They have been the Tenant since 2013.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033110B A 00213
Property Located Between: Hixson Pike and Highway 153
Property Visibility: Excellent
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


Photograph of Listing Agent

Lee T Harper

Hudson Commercial, LLC Greater Chattanooga REALTORS® Member
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