For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

1609 Ooltewah Ringgold Rd Ooltewah, TN 37363

Loading data...
Loading data...
Loading data...
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

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.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message