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4616 Battlefield Pky - New Medical Office | NNN Leases | 2% Bumps

10,000 SF Health Care Building Offered at £4,193,012 at a 6.25% Net Initial Yield in Ringgold, GA 30736

Investment Highlights

  • New construction med-tail asset with long-term NNN leases and 2% annual rent increases
  • Chattanooga is Tennessee's fastest-growing city and is the main employment center for surrounding markets like Ringgold and Fort Oglethorpe
  • Brand new building with transferable roof warranty provides ease of ownership and stable cash-flow
  • Rent is secured by two experienced and successful medical groups that have made large investments and long-term commitments to this site
  • Tenants reimburse for Taxes, CAM, Insurance and Management fees
  • Fee simple ownership allows for depreciation of the building boosting after tax returns

Executive Summary

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Battlefield Parkway Professional Center, a newly constructed multi-tenant medical office center that is 100% occupied. The property is strategically located along Battlefield Parkway, Ringgond's primary commercial thoroughfare and benefits from excellent access and visibility. Ringgold and Fort Oglethorpe located only 7 miles outside of Chattanooga, TN and are part of the Chattanooga MSA.

Property Facts

Price £4,193,012 Building Class A
Price Per Bed £4,193,012 Lot Size 1.12 AC
Sale Type Investment Building Size 10,000 SF
Net Initial Yield 6.25% No. Beds 1
Property Type Health Care Number of Floors 1
Property Subtype
Rehabilitation Centre
  • Healthcare Hospital
 Year Built 2024
Price £4,193,012
Price Per Bed £4,193,012
Sale Type Investment
Net Initial Yield 6.25%
Property Type Health Care
Property Subtype
Rehabilitation Centre
  • Healthcare Hospital
Building Class A
Lot Size 1.12 AC
Building Size 10,000 SF
No. Beds 1
Number of Floors 1
Year Built 2024

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PROPERTY TAXES

Parcel Number 0022C-062 Improvements Assessment £0
Land Assessment £178,028 Total Assessment £178,028

PROPERTY TAXES

Parcel Number
0022C-062
Land Assessment
£178,028
Improvements Assessment
£0
Total Assessment
£178,028

zoning

Zoning Code B-HCS (Health Care Services)
B-HCS (Health Care Services)
(561) 427-6699 x1027

Contact

  • Listing ID: 32905945

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 4616 Battlefield Pky, Ringgold, GA 30736

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© 2024 CoStar Group

4616 Battlefield Pky - New Medical Office | NNN Leases | 2% Bumps
(561) 427-6699 x 1027

4616 Battlefield Pky - New Medical Office | NNN Leases | 2% Bumps

Patrick Wagor

(561) 427-6699

x1027

(561) 427-6699 x1027

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