For Sale
$2,825,000

7610 Hamilton Park DrChattanooga, TN 37421

12,000 SF, 100% Occupied, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 12,000-square-foot retail and office building presents a compelling investment opportunity in Chattanooga, Tennessee. Situated on a 1.53-acre lot, this Class B property boasts 100% occupancy with a diverse mix of five tenants, including national brands like ADT and Jani-King. Built in 1997, the single-story building features 60 parking spaces and is zoned C2, allowing for flexibility and potential future expansion. The property benefits from a recently upgraded infrastructure, including a new TPO roof (installed October 2020, 15-year warranty) and updated HVAC units (2020 and 2021). Further enhancing its appeal are security lighting, a concrete parking lot, and attractive landscaping. A key feature is a Fairway Digital Billboard with a long-term lease, generating substantial additional income. The property enjoys a prime location, just two miles from the $1 billion Volkswagen Auto Plant, benefiting from high daily traffic volume on nearby I-75 and the Bonny Oaks exit (over 100,000 and 20,000 vehicles daily, respectively). A clean Phase 1 Environmental Report (2019) and location outside the 100-year floodplain add to its desirability. The strong financial performance is highlighted by a Net Operating Income (NOI) of $169,296 annually, derived from a total gross annual rent of $212,364 and annual operating expenses of approximately $43,067. Detailed financial statements and rent rolls are available upon request. This is a rare opportunity to acquire a stable, high-performing asset with significant upside potential in a rapidly growing area. Tenants have long-term leases with built-in rent increases.

Property Details for 7610 Hamilton Park Dr

Property type
Lifestyle centers, Power centers
Square Feet
12,000 SF
Class
B
Year Built
1997
Buildings
1
Stories
1

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0577130353
Longitude
-85.135265641392
7610 Hamilton Park Dr, Chattanooga, Tennessee

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7610 Hamilton Park Dr
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