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    1609 Ooltewah Ringgold Rd Ooltewah, TN 37363

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    For Sale
    $2,000,000

    NNN ground lease with a strong tenant and attractive rent escalations.

    Property size:
    2,000 SF
    Lot size:
    1.46 Acres

    Property Features for 1609 Ooltewah Ringgold Rd

    General Information

    Size
    2,000 SF
    Lot size
    1.46 Acres

    Source: SRS Real Estate Partners | McLean Agent Andrew Fallon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ooltewah Retail Investment Opportunity

    This property is an automotive retail location with a tenant that recently signed a new 15-year lease, which includes four 5-year options to extend, demonstrating commitment to the site. The lease features 10% increases every 5 years during the initial term and at the beginning of each option. The tenant pays for CAM, taxes, insurance and maintains all aspects of the premises. The property is a ground lease, presenting an ideal, management-free investment opportunity for a passive investor. In fiscal year 2023, the tenant's network delivered approximately 27 million services to generate $1.4 billion in revenue from $2.8 billion in system-wide store sales, marking 17 years of consecutive system-wide same-store sales growth. The property contains 2,000 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Hair Salon Clothing Store Nail Salon Hotel & Motel Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.0959852
    Latitude
    34.9971803

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    FAQs

    What type of property is this?
    Auto shop - NNN ground lease with a strong tenant and attractive rent escalations.
    Where is this auto shop located?
    The property is located at 1609 Ooltewah Ringgold Rd Ooltewah, TN.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Brand new 15-year ground lease with 4 (5-year) options to extend.; - Tenant pays CAM, taxes, insurance, and maintains all aspects of the premises (no landlord responsibilities).; - Lease includes 10% rental increases every 5 years, hedging against inflation.
    (202) 286-1542
    Request Owner's contact information
    1609 Ooltewah Ringgold Rd Ooltewah, TN 37363
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    Ooltewah, TN 37363
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1609 Ooltewah Ringgold Rd Ooltewah, TN 37363
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