146 Smitherman Rd - Medical FOR SALE


Ringgold, GA 30736
$1,166,000 USD
404-876-1640
146 Smitherman Rd, Ringgold, GA for Sale
$1,166,000 USD
Medical - FOR SALE
1/34
null | 7.5% Cap Rate

146 Smitherman Rd
Ringgold, GA 30736


HIGHLIGHTS

  • Fully leased to Summit Spine & Joint Centers with new 5-year NNN lease
  • Located in Ringgold, GA—affluent suburb of Chattanooga with strong medical demand
  • Two procedure rooms and covered patient drop-off canopy
  • Monument signage and brick exterior on ±1.09-acre site

OVERVIEW

Opportunity to acquire a fully leased single tenant medical office and surgery center. The regional tenant Summit Spine & Joint Center has operating in the building for years and has just executed a new five-year triple net lease. Summit Spine & Joint Center operates 17 ambulatory surgery centers and 44 clinics, making it one of the largest interventional spine care networks in the Southeast. While the offering provides investors reliable income, acquiring a surgery center well under replacement cost at only $211/SF offers tremendous value. The attractive brick facility features two well built out procedure rooms, an effective medical floor plan and a covered canopy for patient drop-off. The facility is well suited for the tenant and for a multitude of medical uses. The property is well-located In Ringgold, a popular high-growth and affluent suburb of Chattanooga, Tennessee within a few miles of variety of medical facilities including CHI Memorial Hospital. And get this. The office vacancy in the Catoosa County market is only 1.2%. A contiguous level 1.31-acre commercial site is also available for $400,000.

FOR SALE DETAILS

PRICE

$1,166,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single-Tenant Net Leased Medical Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

RIN

APN/PARCEL ID

0037C-050-008

ASK ABOUT THIS PROPERTY

Michael BullBull Realty Inc.More Info
404-876-1640

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Michael BullBull Realty Inc.More Info
404-876-1640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.