2600 Taft Hwy
Signal Mountain, TN 37377

Investment Opportunity: The UT Erlanger Health and Wellness Center is a 9,100 SF, ground level highly visible, centrally located commercial center in Signal Mountain, Tennessee. Built in 2001, the center currently houses medical offices with financially strong committed tenants. Signal Mountain is a premier suburb of Chattanooga, TN and boasts some of the highest median household incomes, approximately $100,000, as well as highly desirable public schools. Rapid residential growth continues due to surging jobs market in the area spawned by Volkswagen assembly plant (completing a plant expansion), technology infrastructure (nations 1st “Gig City”), and a multi-billion dollar downtown renaissance. Tennessee also has no state income tax and Signal Mountain was recently awarded a designation as one the top communities in America. The primary tenant is Erlanger Health System (www.Erlanger.org), the 7th largest public hospital in the United States. “Erlanger” was founded in 1889 and is currently a teaching hospital associated with University of Tennessee and has over 800 beds at its Trauma Level I facility in Chattanooga. For its Signal Mountain facility, Erlanger recently added a new practitioner further enhancing its ability and commitment to serve the market. Additional tenants include Results Physiotherapy and Skin Cancer and Cosmetic Dermatology. Results Physiotherapy (www.Resultspt.com) currently operates over 140 locations in 9 states and recently executed a new lease in the center. The developer has taken meticulous care of the structure and delivers the property with staggered lease expirations and in near perfect condition. Existing leases provide for NNN reimbursements and two of the three tenants are paying below market rents, allowing for future cash flow enhancements. Current construction costs prevent replacement below current sales price.