923 Industrial Blvd, Ringgold, GA 30736-2843
- Office Spaces
- 23,860 SF
- 4.00 lot acres
Current Use by Public Records
- BFS / Industrial Manufacturer / Production Facility
Property Details for 923 Industrial Blvd
- Year built
- 1969
- Construction
- STEEL FRAME
- Lot size
- 4.00 lot acres
- Zone code
- RIN
- Property type
- Office Spaces
- APN
- 540028
- APU
- 540028
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 21, 2020 | $800,000 | Powers Brothers R & E LLC | Sun Mills Outlet Ringgold INC | Warranty Deed | $680k · Texas Bk |
| Jul 13, 2020 | — | Sun Mills Outlet-ringgold INC | — | Deed Of Trust · related | $76k · First Volunteer Bk |
| Apr 1, 2020 | — | Sun Mills Outlet Ringgold INC | — | Deed · related | $100k · First Volunteer Bk |
| Jan 22, 2019 | — | Sun Mills Outlet-ringgold INC | — | Deed · related | $75k · Atlantic Cap Bk |
| Jan 30, 2018 | — | Sun Mills Outlet-ringgold INC | — | Trustees Deed · related | $25k · Atlantic Cap Bk |
| Jan 18, 2017 | — | Sun Mills Outlet Ringgold INC | — | Deed · related | $350k · Atlantic Cap Bk |
| Jan 6, 2017 | — | Sun Mills Outlet Ringgold INC | — | Deed · related | $20k · Atlantic Cap Bk |
| — | — | Sun,mills Outlet Ringgold INC | — | Deed Of Trust · related | $100k · Fsg Bank |
| — | — | Sun,mills Outlet Ringgold INC | — | Deed Of Trust · related | $230k · Fsg Bank |
| — | — | Sun Mills Outlet-ringgold INC | — | Loan Modification · related | $75k · Atlantic Cap Bk |
| — | — | Sun Mills Outlet-ringgold INC | — | Loan Modification · related | $100k · Atlantic Bk |
| — | — | Sun Mills Outlet Ringgold INC | — | Loan Modification · related | $350k · Atlantic Cap Bk |
| — | — | Sun Mills Outlet Ringgold INC | — | Loan Modification · related | $20k · Atlantic Cap Bk |
| — | — | Sun Mills Outlet Ringgold INC | — | Deed Of Trust · related | $100k · First Volunteer Bk |
Description
This exceptional investment opportunity presents a 23,860-square-foot industrial distribution facility in Ringgold, Georgia, currently 100% occupied by Builders FirstSource (NYSE: BLDR), a Fortune 250 company. The property, built in 1969 and renovated in 1990 and 2021, sits on a 4-acre lot, offering significant outdoor storage capabilities. The current net lease agreement, structured as a triple-net (NNN) lease with a corporate guarantee, has a remaining term of 3 years with three 5-year options, each including favorable CPI rent increases. The current annual net operating income (NOI) is $114,000, resulting in a 6.33% cap rate based on the asking price of $1,800,000. The property's strategic location directly off Interstate 75, just 10 miles from Chattanooga, Tennessee, provides excellent access to major transportation routes. The current rent of $4.53 per square foot is significantly below market rates, and a 20% rent increase is anticipated in the upcoming option period, boosting the cap rate. The land value is $10.33 per square foot. This property is part of a larger portfolio and can be purchased individually. The property's address is 923 Industrial Blvd, Ringgold, GA 30736. APN: 002540028.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $905,000
- ML approach
- $1,140,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ringgold
- County
- Catoosa
- State
- Georgia
- Longitude
- -85.1155
- Latitude
- 34.9075
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
