Ground-Leased Automotive Service
1609 Ooltewah Ringgold Rd Ooltewah, TN 37363
For Sale
Contact for pricing
A ground-leased automotive service property with a newly executed 15-year tenant lease and options to extend.
Property Size2,000 SF
Days on Market475
Property Features for 1609 Ooltewah Ringgold Rd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | McLean
(202) 286-1542
Listed By:
Andrew Fallon
(202) 286-1542
Source:
Moodyscre
Added: Apr 11, 2025
Changed: Jul 28
Last Checked: Jul 28 at 7:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | McLean
Investment Insights
Based on property information with market context.
This ground-leased automotive service facility is offered with a newly executed 15-year lease featuring four (4) additional five-year extension options. The lease includes scheduled rent increases of 10% every five years during the initial term and at the start of each option period.
The tenant is Valvoline. Under the lease terms, the tenant pays for CAM, taxes, and insurance, and maintains all aspects of the premises, with no landlord responsibilities.
The asset is presented as a ground lease for passive ownership, with the tenant contract in place through the initial term and extension structure.
The tenant is Valvoline. Under the lease terms, the tenant pays for CAM, taxes, and insurance, and maintains all aspects of the premises, with no landlord responsibilities.
The asset is presented as a ground lease for passive ownership, with the tenant contract in place through the initial term and extension structure.
Key Highlights
- Newly executed 15‑year ground lease with 4 (5‑year) extension options
- Lease includes 10% increases every 5 years during the initial term and at the start of each option
- Tenant pays CAM, taxes, and insurance, and maintains all aspects of the premises
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Auto shop - A ground-leased automotive service property with a newly executed 15-year tenant lease and options to extend.
Where is this auto shop located?
The property is located at 1609 Ooltewah Ringgold Rd Ooltewah, TN.
What are key features of this property?
This property features: Newly executed 15‑year ground lease with 4 (5‑year) extension options; Lease includes 10% increases every 5 years during the initial term and at the start of each option; Tenant pays CAM, taxes, and insurance, and maintains all aspects of the premises
