For Sale
$5,292,000

4616 Battlefield PkwyRinggold, GA 30736

High-yield, NNN-leased medical center.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $5,292,000 asking price for a 10,000 square foot, 100% occupied, multi-tenant retail/office/mixed-use property.
  • NNN lease structure with two tenants under 10-year leases commencing November 14, 2023, and expiring May 30, 2034, including 2 x 5-year lease options.
  • 6.25% cap rate based on a $330,735 Net Operating Income (NOI).
  • Located on 1.12 acres at 4616 Battlefield Pkwy, Ringgold, GA 30736, a prime commercial corridor near Chattanooga, TN.
  • New construction (2023) with a transferable roof warranty, offering stable cash flow and ease of ownership.
  • Fee simple ownership with annual rent increases providing inflation hedge and depreciation benefits.

Property Details for 4616 Battlefield Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
10,000 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
48,787 SF

Location Insight

City
Ringgold
County
Catoosa
State
Georgia
Latitude
34.9334513
Longitude
-85.1898312
4616 Battlefield Pkwy, Ringgold, Georgia

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4616 Battlefield Pkwy
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