7610 Hamilton Park Dr Chattanooga, TN 37421

Property Details for 7610 Hamilton Park Dr

Year built

1997

Property size

12,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

APN

139F B 003.05

Description

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.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Longitude

-85.135265641392

Latitude

35.0577130353