Overview
Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Battlefield Parkway Professional Center, a newly constructed multi-tenant medical office center that is 100% occupied. The property is strategically located along Battlefield Parkway, Ringgold’s primary commercial thoroughfare, and benefits from excellent access and visibility. Ringgold and Fort Oglethorpe are located only 7 miles outside of Chattanooga, TN, and are part of the Chattanooga MSA.
Investment Highlights
Trophy Asset
New construction med-tail asset with long-term NNN leases and annual rent increases
Excellent Tenant Mix
Rent is secured by two experienced and successful medical groups that have made large investments and long-term commitments to this site
Growth Market
Chattanooga is Tennessee's fastest-growing city and is the main employment center for surrounding markets like Ringgold and Fort Oglethorpe
Rare 10-Year NNN Leases
Tenants reimburse for Taxes, CAM, Insurance, and Management fees
New Construction
Brand new building with transferable roof warranty provides ease of ownership and stable cash-flow
Inflation Hedge
Fixed annual rental increases provide a hedge against inflation
Depreciation
Fee simple ownership allows for depreciation of the building boosting after-tax returns
High Profile Location
Excellent real estate fundamentals and strategic location along Ringgold's primary commercial corridor
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