Property Details for 4616 Battlefield Pkwy

Year built

2023

Lot size

1.12 lot acres

Property size

10,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a newly constructed (2023), 10,000 square foot, single-story medical office building situated on a 1.12-acre lot at 4616 Battlefield Pkwy, Ringgold, GA 30736. The property boasts 100% occupancy with two long-term tenants under NNN leases, providing a stable and predictable income stream. The current lease term extends until May 30, 2034, with a remaining term of 9.5 years and includes two 5-year lease options. Annual rent increases of 2% are built into the leases, offering protection against inflation. The property generates a substantial net operating income (NOI) of $330,735, resulting in a compelling 6.25% cap rate. Tenants are responsible for taxes, common area maintenance (CAM), insurance, and management fees. The fee-simple ownership structure allows for depreciation benefits, enhancing after-tax returns. This prime location along Ringgold's main commercial corridor, just seven miles from Chattanooga, TN, ensures excellent visibility and accessibility. The building comes with a transferable roof warranty, minimizing future maintenance concerns. This is a turnkey investment with strong fundamentals and significant upside potential in a rapidly growing market. The property is part of the Chattanooga MSA, benefiting from the area's robust economic growth.

Location Insight

City

Ringgold

County

Catoosa

State

Georgia

Longitude

-85.1898312

Latitude

34.9334513