7610 Hamilton Park Dr, Chattanooga, TN 37421
- Retail space
- 12,000 SF
Current Use by Public Records
- Sylvan Learning of Chattanooga / Tutoring Service
- Prometric Testing Center / Training Center
- Integrity Mortgage Group / Loan Service / Bank
- Everon - ADT Commercial / Corporate Office
- ADT Security Services / Security Service
Property Details for 7610 Hamilton Park Dr
- Year built
- 1997
- Property type
- Retail space
- Property subtype
- Office buildings
Description
Offering Memorandum (OM) is available for serious inquiries. This 12,000 square foot retail and office building, built in 1997, is situated on a 1.53-acre lot and is 100% occupied by five different tenants. Zoned C2, the Class B building features one story and 60 parking spaces, with tenants responsible for their own utilities. The property boasts a well-maintained infrastructure, including a new TPO roof system installed in October 2020, which comes with a 15-year warranty. Additionally, HVAC units were replaced, with two units upgraded in 2020 and three in 2021. The building benefits from security lighting, concrete parking lot, and quality landscaping, enhancing both safety and curb appeal. Located just 2 miles from the $1 billion Volkswagen Auto Plant off of the Bonny Oaks exit - this property offers significant growth potential in a thriving area. The Bonny Oaks exits receives over 20,000 vehicles per day (map included). It 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 (addition of insurance and real estate tax), resulting in a strong net operating income (NOI) of $169,296.40 per year. The property includes a Fairway Digital Billboard with a long term lease that brings in over $12,000 per year of income (included in the NOI). Detailed Rent Roll and Financials are available upon execution of Confidentiality Agreement. This is a prime investment opportunity with stable occupancy and significant upside potential. The property also backs up to the I-75 interstate which carries over 100,000 cars per day. So that signage on the backside of the building get tremendous exposure. Tenants: ADT Inc (4 Suites) Jani- King (2 suites) Learn to Learn, Inc (Prometric) (2 suites) Learn to Learn, Inc (Sylvan Learning Center) (1 suite) Andra’s Finds Tailoring (Fairy Godmother Tailoring) (1 suite) Reagan Outdoor Advertising - Bill Board Property Overview: Building Size : 12,000 sq. ft. Occupancy : 100% occupied, with 5 different tenants. Lot Size : 1.53 acres. Type : Retail and Office Building. Zoning : C2. Year Built : 1997. Building Class : Class B office. Floors : 1 story. Parking : 60 spaces. HVAC : 2 units replaced in 2020, 3 units replaced in 2021. Roof : New TPO roof system installed on 10/30/2020 with a 15-year warranty. Utilities : Tenant pays for utilities. Expenses : Operating expenses are approximately $7,400, with total expenses around $43,000 annually. NOI : Current Net Operating Income is $169,296.40 per year. Additional Features: Located 2 miles from the $1 Billion Volkswagen Auto Plant. Property is located outside of the 100-year floodplain. Equipped with security lighting, concrete curbing, and well-maintained landscaping. 60 parking spaces available. Clean Phase 1 Environmental Report completed in 2019.
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Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1346902
- Latitude
- 35.0577031
