7610 Hamilton Park Dr Chattanooga, TN 37421
12,000 SF retail and office building, 100% occupied, strong NOI.
Type:Office, Retail
Property size:
12,000 SFLot size:
1.53 Acres- Added:
- Oct 31, 2024
- Days on Market:
- 534
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 7610 Hamilton Park Dr
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 1.53 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1997
Listing agent Robert Fisher License #TN 285342
Listing office KW Commercial
Listing date Oct 31, 2024
Source Crexi
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 KW Commercial
Overview
Retail and Office Investment Property
This 12,000 square foot retail and office building, constructed in 1997, is situated on a 1.53-acre lot. Zoned C2, the Class B building features one story and 60 parking spaces. The property is 100% occupied by five tenants, who are responsible for their own utilities. Infrastructure is well-maintained, including a new TPO roof system installed in October 2020, which comes with a 15-year warranty. HVAC units have been replaced, with two units upgraded in 2020 and three in 2021. The building is equipped with security lighting and features a concrete parking lot and landscaping. Located 2 miles from the $1 billion Volkswagen Auto Plant off of the Bonny Oaks exit, the property benefits from high traffic volume, with the Bonny Oaks exits receiving over 20,000 vehicles per day. The property sits outside the 100-year floodplain and has a clean Phase 1 Environmental Report completed in 2019. Operating expenses are approximately $7,410 annually, with total expenses around $43,067 annually, resulting in a net operating income (NOI) of $169,296.40 per year. The property includes a Fairway Digital Billboard with a long term lease that generates over $12,000 per year of income, which is included in the NOI. The property also backs up to the I-75 interstate, which carries over 100,000 cars per day, providing signage exposure. Tenants include ADT Inc (4 Suites), Jani- King (2 suites), Learn to Learn, Inc (Prometric) (2 suites), Learn to Learn, Inc (Sylvan Learning Center) (1 suite), and Andra’s Finds Tailoring (Fairy Godmother Tailoring) (1 suite).
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Sylvan Learning of Chattanooga
Tutoring Service
Prometric Testing Center
Training Center
Integrity Mortgage Group
Loan Service
Everon - ADT Commercial
Corporate Office
ADT Security Services
Security Service
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1346902
- Latitude
- 35.0577031
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - 12,000 SF retail and office building, 100% occupied, strong NOI.
Where is this retail space located?
The property is located at 7610 Hamilton Park Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Strong Net Operating Income (NOI) of $169,296.40 per year.; 100% Occupancy with five different tenants provides stable income.; Strategic Location: Situated 2 miles from the $1 Billion Volkswagen Auto Plant and adjacent to I‑75 (100,000+ cars/day).
