6222 Ringgold Rd, Chattanooga, TN 37412

Commercial property for lease

• Description
• Adair Square is an established, well-maintained office and retail complex that is located along the heavily trafficked Ringgold Road in the East Ridge central business district. The income producing center consists of two buildings that together offer over 15,000 sq. ft. of space that is currently leased to over 20 tenants. With 142 ft. of frontage along Ringgold Road, the main 12,000 sq. ft. building is occupied by retail tenants on the ground level and office use tenants on the 2nd level. The 2nd building, which is situated directly behind, has 3,000 sq. ft. of space that is divided between 2 retail tenants. Surrounding the buildings, there are over 50 paved and striped parking spaces to accommodate tenants, their employees and customers. A large pylon sign with space for each occupying tenant is also located on the property.The complex boasts some of the only single-user office space available to lease in the East Ridge area. It provides an environment for its tenants to thrive in - a convenient location that provides easy accessibility and excellent visibility from Ringgold Road, which has some of the highest traffic counts in the Chattanooga area (28,475 VPD). Its location is less than 1 mile from I-75, at Exit 1, which serves as the gateway to the state of Tennessee. Adair Square is also located in the East Ridge "Border Region Retail and Tourism Development District", which will allow new owners/developers to receive sales tax rebates for over 20 years. This incentive was triggered by the $25 million Bass Pro Shops project that was added to Exit 1 this year and will soon anchor a 50-acre retail and community development that foreshadows the rebirth of the city of East Ridge.Adair Square provides endless investment potential for a new owner seeking low overhead costs and an easily manageable property. For the past 30 years, the current owner has personally managed the complex on-site to ensure the best mix and quality of tenants. Current tenants include a florist, a barber shop, Farmer's Insurance Agency, a nationally recognized temporary staffing service and a packaging manufacturer - among many others. Tenant leases range from month-to-month to 5-year terms. The units are equipped with central heat + air and the entire building has been wired for EPB fiber optics. There is also a large billboard on the property that brings $3,500/year of additional income. Over the past 7 years, the Net Operating Income has averaged $86,000. Financials and operational details are available upon request. Building price details: $1,090,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	50
  Parking Type:	Surface

• Contact info
• Joe M Pleva

  KW Commercial
• Note

• Details Info about this row that located on 6222 Ringgold Rd, Chattanooga, TN 37412 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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