Catylist ID:
#30613742
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 |
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 |
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