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Medical Office Portfolio

97 GATEWAY BUSINESS PARK DR, Ringgold, GA 30736

For Sale
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Both outpatient clinics are fully leased to ATI Physical Therapy under NN + HVAC terms.

Property Size11,048 SF
Price / SF$217.23
Days on Market26

Property Features for 97 GATEWAY BUSINESS PARK DR

General Information

Standard status Active
Size 11,048 SF
Property subtype Office
Occupancy 100%

Additional Details

Highway Access Yes
Office Units 2
Tenant in Place Yes
Property Use Medical Office
Medical Specialty physical therapy

Building Details

Buildings 2
Tenancy Single
Listing Agency: Keller Williams Realty Consultants
Listed By: Alan Wyatt · License GA #395604
Source: Crexi
Added: Oct 15 Changed: Nov 8 Last Checked: Nov 8 at 4:24PM

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 Keller Williams Realty Consultants

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Investment Insights

Based on property information with market context.

This two-building medical office portfolio includes freestanding outpatient clinics measuring 6,048 square feet and 5,000 square feet. Both properties are leased to ATI Physical Therapy, with lease terms running from September 16, 2013, through May 31, 2030. The NN + HVAC structure assigns interior and HVAC responsibilities to the tenant, while the landlord’s obligations are limited to the building exteriors. The leases provide for annual rent increases of $0.25 per square foot.

One clinic is on Northpoint Blvd in Hixson, Tennessee; the other is in Gateway Business Park in Ringgold, Georgia, near I-75. The properties are approximately 20 minutes apart within the Chattanooga, Tennessee–Georgia metro area.

Key Highlights

  • Two freestanding outpatient clinics: 6,048 SF in Hixson, TN, and 5,000 SF in Ringgold, GA
  • Both properties are leased to ATI Physical Therapy through May 31, 2030
  • Leases began September 16, 2013, with annual increases of $0.25/SF

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

ATI Physical Therapy Medical Clinic Cory Nethery Physician Matthew Murray Physician Jason Jones Physician CORRIE MARTIN LARGE Physician

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Spa & Massage Center Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

102
Businesses Nearby
Balanced
Demand for This Use

Demographics for 30736, GA

43,344
Population
17,327
Households
2.5
Avg Household Size
41
Median Age
27%
College-Educated
91%
High-School Grad
124.6 sq mi
ZIP Area
348
Density / Sq Mi
$83,896
Median Household Income
$42,115
Median Earnings
$957
Median Rent
$233,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Medical Office Space - Both outpatient clinics are fully leased to ATI Physical Therapy under NN + HVAC terms.
Where is this medical office space located?
The property is located at 97 GATEWAY BUSINESS PARK DR Ringgold, GA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two freestanding outpatient clinics: 6,048 SF in Hixson, TN, and 5,000 SF in Ringgold, GA; Both properties are leased to ATI Physical Therapy through May 31, 2030; Leases began September 16, 2013, with annual increases of $0.25/SF
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