3739 Hixson Pike, Chattanooga, TN 37415
Commercial property for lease
- Description
- Net Leased Single Tenant Medical Office Building located on Hixson Pike between Ashland Terrace and Rivermont. Approx. 5,200 SF. (+/-) Medical Office Building 100% leased to Memorial Health Partners Foundation, Inc. ("Tenant"). Tenant pays for Operating Cost incurred by Landlord for operation, repair, maintenance, and management of the common areas and to the extent not billed to and paid by Tenant, water, sewage, drainage, refuse collection, Janitorial, gas, electricity, light, power, or other utility services and for the general maintenance and repair of the Building and other CAM Services. Tenant is also responsible for Taxes, assessments or other impositions, which may be levied, assessed, or imposed upon or with respect to the Building, or personal property at any time situated theron and for casualty, liability, or other insurance required to be obtained by Landlord pursuant to the Lease. Current Three (3) Lease Term began on July 1st 2018 and ends on June 30th 2021. Next Scheduled Rent increase of 3% is scheduled to take effect as of July 1st 2020. Tenant has verbally indicated that it plans to lease the building past the current lease expiration term. Future Lease Renewals / Extensions shall be subject to negotiations and approval by Tenant. Call Listing Agent, to schedule appointments to see or show the property. Square footage and acreage calculations are reliable but not guaranteed. Listing Agent has not measured the building or land and does not guarantee the accuracy of the number of square feet or acreage. Square feet and acreage need to be verified by Purchaser. Building price details: $885,000.
- Exterior Features
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Parking: Yes Parking Spaces: 28 Parking Type: Surface - Contact info
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Russell P ElliottPointe Commercial Real Estate
- Note
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- Property Details
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Building Name: CHI Memorial Internal Medicine Associates Property Type: Commercial (Other) Status: Available Building Size: 25,790 SF Number of Stories: 1 Year Built: 1995 Submarket: Net Leased, Office Building MSA: Chattanooga Zoning: C-2 Buildings: 1 Construction: Block, Steel Frame, Stucco Terms: Cash to Seller Added: 08/04/2019