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Net Lease

Absolute NNN Industrial Sale Leaseback | Chattanooga MSA

321 Hogan Rd, Rossville, GA 30741

Listing Price: $1,750,000

Cap Rate
10.29%
Gross SF
30,000
Price/Gross SF
$58.33
Lot Size
1.75 acres
Year Built
1970
Rentable SF
28,193

Investment Overview

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Container Management Services Sale-Leaseback located in Rossville, GA. The single-tenant warehouse totals 28,193 SF and is fully leased to Container Management Services, LLC. The subject property offers strong, in-place cash flow with attractive 2.5% annual escalations and zero landlord responsibilities. The tenant recently invested over $800,000 in capital improvements including, new LED lighting, electrical systems, all new HVAC units, and a new security fence surrounding the property. Ideally located in Rossville, GA, the industrial warehouse is less than 8 miles from Chattanooga and 115 miles from Atlanta, GA.

Located at the ridge-and-valley portion of the Appalachian Mountains and the Cumberland Plateau, the Chattanooga metropolitan area consists of six counties in Tennessee and Georgia: Hamilton, Marion, Sequatchie, Catoosa, Dade and Walker. The region’s growing economy has drawn new residents in recent years. Roughly 574,000 people live in the metro, including 193,300 in Chattanooga, the most populous city. Over the next five years, an additional 21,800 people will call the metro home.

Investment Highlights

  • Single-Tenant Industrial Absolute NNN Sale Leaseback in the Chattanooga MSA
  • Fully Occupied by Strong Performing Plastic-Recycling Tenant | 2.5% Annual Escalations & Zero Landlord Responsibilities
  • Over $800,000 Spent in Recent CapEx Improvements | Including New LED Lighting, Electrical Systems, All New HVAC Units, & Security Fence
  • Property Features 1 Dock Height Roll Up Door with 14' Ceiling Height in Warehouse Space
  • Industrial Vacancy Within Chattanooga MSA Is Well Below Historical Average at Less Than 2.8%
  • Ideally Located Less than 8 Miles from Chattanooga & 115 Miles from Atlanta | In Close Proximity to QCells which Recently Invested Over $2.5 Billion into Its Third Manufacturing Facility in Dalton

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Net Lease

Absolute NNN Industrial Sale Leaseback | Chattanooga MSA

Listing Price: $1,750,000

Cap Rate
10.29%
Gross SF
30,000
Price/Gross SF
$58.33
Lot Size
1.75 acres
Year Built
1970
Rentable SF
28,193

Investment Highlights

  • Single-Tenant Industrial Absolute NNN Sale Leaseback in the Chattanooga MSA
  • Fully Occupied by Strong Performing Plastic-Recycling Tenant | 2.5% Annual Escalations & Zero Landlord Responsibilities
  • Over $800,000 Spent in Recent CapEx Improvements | Including New LED Lighting, Electrical Systems, All New HVAC Units, & Security Fence
  • Property Features 1 Dock Height Roll Up Door with 14' Ceiling Height in Warehouse Space
  • Industrial Vacancy Within Chattanooga MSA Is Well Below Historical Average at Less Than 2.8%
  • Ideally Located Less than 8 Miles from Chattanooga & 115 Miles from Atlanta | In Close Proximity to QCells which Recently Invested Over $2.5 Billion into Its Third Manufacturing Facility in Dalton

Investment Overview

The AP Group of Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in the Container Management Services Sale-Leaseback located in Rossville, GA. The single-tenant warehouse totals 28,193 SF and is fully leased to Container Management Services, LLC. The subject property offers strong, in-place cash flow with attractive 2.5% annual escalations and zero landlord responsibilities. The tenant recently invested over $800,000 in capital improvements including, new LED lighting, electrical systems, all new HVAC units, and a new security fence surrounding the property. Ideally located in Rossville, GA, the industrial warehouse is less than 8 miles from Chattanooga and 115 miles from Atlanta, GA. Located at the ridge-and-valley portion of the Appalachian Mountains and the Cumberland Plateau, the Chattanooga metropolitan area consists of six counties in Tennessee and Georgia: Hamilton, Marion, Sequatchie, Catoosa, Dade and Walker. The region’s growing economy has drawn new residents in recent years. Roughly 574,000 people live in the metro, including 193,300 in Chattanooga, the most populous city. Over the next five years, an additional 21,800 people will call the metro home.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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