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 |
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: | 1/21/2021 |
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 |
Zoning: | C-2 COMMERCIAL |
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 |
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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