Your email has been sent.
7610 Hamilton Park Dr 12,000 SF 90% Leased Office Building Chattanooga, TN 37421 $2,500,000 ($208.33/SF) 6.77% Cap Rate
Investment Highlights
- Located 2 miles from the $1 Billion Volkswagen Auto Plant.
- Equipped with security lighting, concrete curbing, and well-maintained landscaping.
- Clean Phase 1 Environmental Report completed in 2019.
- Property is located outside of the 100-year floodplain.
- 60 parking spaces available.
Executive Summary
Located just 2 miles from the $1 billion Volkswagen Auto Plant off of the Bonny Oaks exit - this property offers significant growth potential in a thriving area. The Bonny Oaks exits receives over 20,000 vehicles per day (map included). It sits outside the 100-year floodplain and has a clean Phase 1 Environmental Report completed in 2019. Operating expenses are approximately $7,410 annually, with total expenses around $43,067 annually (addition of insurance and real estate tax), resulting in a strong net operating income (NOI) of $169,296.40 per year. The property includes a Fairway Digital Billboard with a long term lease that brings in over $12,000 per year of income (included in the NOI). Detailed Rent Roll and Financials are available upon execution of Confidentiality Agreement. This is a prime investment opportunity with stable occupancy and significant upside potential.
The property also backs up to the I-75 interstate which carries over 100,000 cars per day. So that signage on the backside of the building get tremendous exposure.
Tenants:
ADT Inc (4 Suites)
Jani- King (2 suites)
Learn to Learn, Inc (Prometric) (2 suites)
Learn to Learn, Inc (Sylvan Learning Center) (1 suite)
Andra’s Finds Tailoring (Fairy Godmother Tailoring) (1 suite)
Reagan Outdoor Advertising - Bill Board
Property Overview:
Building Size: 12,000 sq. ft.
Occupancy: 100% occupied, with 5 different tenants.
Lot Size: 1.53 acres.
Type: Retail and Office Building.
Zoning: C2.
Year Built: 1997.
Building Class: Class B office.
Floors: 1 story.
Parking: 60 spaces.
HVAC: 2 units replaced in 2020, 3 units replaced in 2021.
Roof: New TPO roof system installed on 10/30/2020 with a 15-year warranty.
Utilities: Tenant pays for utilities.
Expenses: Operating expenses are approximately $7,400, with total expenses around $43,000 annually.
NOI: Current Net Operating Income is $169,296.40 per year.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Farm Credit Services of America is a mission-driven, customer-owned financial cooperative dedicated to serving rural America. Rural America is where they work. Farmers and ranchers are who they serve. They’re the leading provider of credit and insurance services to farmers, ranchers, agribusinesses and rural residents in rural America. Farm Credit Services of America is a financial cooperative – owned and governed by the customers they serve – with a singular focus on supporting rural communities and agriculture.
- Home Town Lenders
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
-
- Services
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Jani-King is the unrivaled leader in commercial cleaning franchise companies since their establishment in 1969. With a strong global presence, boasting support offices spread across countries, Jani-King stands tall as the largest of its kind worldwide. Their reach knows no bounds, thanks to a vast network of many dedicated franchisees. Through their commitment and expertise, Jani-King delivers a superior commercial cleaning program to an extensive array of customer locations. From prestigious office buildings and crucial medical facilities to welcoming hotels, dynamic sporting venues, inspiring educational buildings, vibrant restaurants, efficient manufacturing facilities, sacred places of worship, important government buildings, invigorating fitness centers, and beyond – they cater to them all. With Jani-King, customers can trust that their cleaning needs are in the hands of professionals who excel in their craft.
- Learn to Learn Inc.
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Home Town Lenders | Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 | |
|
|
Services | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Learn to Learn Inc. | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Secure your business's next strategic location with this prime 1,200 SF retail or office space for lease in Chattanooga, TN, situated at 7610 Hamilton Park Drive. This exceptional property offers unparalleled visibility and accessibility, positioned just off Interstate I-75, making it ideal for businesses seeking high traffic and convenient client access. Benefit from a prominent address directly next to the well-established Porsche and Land Rover car dealership, ensuring a constant flow of potential customers and enhanced brand recognition. Whether you're looking for a dynamic Chattanooga retail storefront or a professional Chattanooga office space, this versatile unit in the bustling Hamilton Park area provides the perfect foundation for growth and success. Leverage the unbeatable interstate access and a thriving commercial neighborhood to elevate your business presence in Chattanooga.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,200 SF | Office | - | Now |
1st Floor
| Size |
| 1,200 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 1,200 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Secure your business's next strategic location with this prime 1,200 SF retail or office space for lease in Chattanooga, TN, situated at 7610 Hamilton Park Drive. This exceptional property offers unparalleled visibility and accessibility, positioned just off Interstate I-75, making it ideal for businesses seeking high traffic and convenient client access. Benefit from a prominent address directly next to the well-established Porsche and Land Rover car dealership, ensuring a constant flow of potential customers and enhanced brand recognition. Whether you're looking for a dynamic Chattanooga retail storefront or a professional Chattanooga office space, this versatile unit in the bustling Hamilton Park area provides the perfect foundation for growth and success. Leverage the unbeatable interstate access and a thriving commercial neighborhood to elevate your business presence in Chattanooga.
Property Taxes
| Parcel Number | 139F-B-003.05 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $780,080 |
Property Taxes
Presented by
7610 Hamilton Park Dr
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.