923 Industrial BlvdRinggold, GA 30736

Property Details for 923 Industrial Blvd

Year built

1969

Construction

STEEL FRAME

Lot size

4.00 AC

Property size (Sq ft)

23,860 SF

Zone code

RIN

Property type

Office properties

Property subtype

Other office properties

APN

540028

APU

540028

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,046,494

  6.5%

  $4,658,302

  7%

  $4,325,566

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,886,555

  Geo Method

  $4,654,132

• Alternative Use

  Use

  Valuation

  Residential

  $5,776,294

  Hospitality

  $5,291,055

  Educational

  $4,402,096

  Medical

  $4,553,490

  Retail

  $6,847,704

Location Insight

City

Ringgold

County

Catoosa

State

Georgia

Latitude

34.9075

Longitude

-85.1155

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].