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7610 Hamilton Park Dr Chattanooga, TN 37421

Sponsored
For Sale
$2,825,000

12,000 SF, 100% Occupied, High NOI

Property size:
12,000 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional 12,000-square-foot retail and office building presents a compelling investment opportunity in Chattanooga, Tennessee. Situated on a 1.53-acre lot, this Class B property boasts 100% occupancy with a diverse mix of five tenants, including national brands like ADT and Jani-King. Built in 1997, the single-story building features 60 parking spaces and is zoned C2, allowing for flexibility and potential future expansion. The property benefits from a recently upgraded infrastructure, including a new TPO roof (installed October 2020, 15-year warranty) and updated HVAC units (2020 and 2021). Further enhancing its appeal are security lighting, a concrete parking lot, and attractive landscaping. A key feature is a Fairway Digital Billboard with a long-term lease, generating substantial additional income. The property enjoys a prime location, just two miles from the $1 billion Volkswagen Auto Plant, benefiting from high daily traffic volume on nearby I-75 and the Bonny Oaks exit (over 100,000 and 20,000 vehicles daily, respectively). A clean Phase 1 Environmental Report (2019) and location outside the 100-year floodplain add to its desirability. The strong financial performance is highlighted by a Net Operating Income (NOI) of $169,296 annually, derived from a total gross annual rent of $212,364 and annual operating expenses of approximately $43,067. Detailed financial statements and rent rolls are available upon request. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential in a rapidly growing area. Tenants have long-term leases with built-in rent increases.

Property Features for 7610 Hamilton Park Dr

General Information

Property type
Lifestyle centers
Square Feet
12,000 SF
Class
B

Building Details

Year Built
1997
Buildings
1
Stories
1

Property Profile Location Intelligence

Current Use by Public Records

Sylvan Learning of Chattanooga Tutoring Service Prometric Testing Center Educational Testing Service Integrity Mortgage Group Mortgage Lender Everon - ADT Commercial Corporate Office ADT Security Services Security System Supplier

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

Location Insight

  • Map
  • Local Demand
City
Chattanooga
County
Hamilton
State
Tennessee
Longitude
-85.135265641392
Latitude
35.0577130353

FAQs

What type of property is this?
Lifestyle center - 12,000 SF, 100% Occupied, High NOI
Where is this lifestyle center located?
The property is located at 7610 Hamilton Park Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,825,000.
More about this property
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