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):||11,048 SF|
|Gross Building Area:||See Agent|
|Gross Land Area:||0.80 Acres|
|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|
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.
|Tax ID/APN:||033110B A 00213|
|Property Located Between:||Hixson Pike and Highway 153|
|Site Description:||Stand alone single tenant building.|
|Total Number of Buildings:||1|
|Number of Stories:||1|
|Exterior Description:||All brick construction with a new roof in 2019. Freshly striped parking lot. New HVAC units in 2017 and 2019.|
|Zoning Description:||C-2 Commercial|
|Lot Frontage:||219 Feet|
|Proximity:||1 mile||3 miles||5 miles|
Lee T HarperHudson Commercial, LLC Greater Chattanooga REALTORS® Member
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