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Covenant Transport, Inc.
400 Birmingham Highway, Chattanooga, TN 37419
Last Verified 8/21/2006
Listing ID 14618569
Highlights
State-of-the-art, corporate headquarters and operations facility- 235,919 square foot complex situated on 46 acres
- 20-year absolute net lease - No landlord responsibilities
- Annual rental increases of 1% throughout base lease term and option periods
- Publicly-traded, stable credit tenant with a net worth of approximately $189 million
- 7.6% Average 10 Year Return on Equity
Description
We are pleased to offer for sale to qualified investors an attractive corporate headquarters facility located in Chattanooga, TN. The property is 100% leased to Covenant Transport, Inc. under a net lease for 20 years.
The corporate offices of Covenant Transport are housed within a three story facility. The headquarters building also houses amenities for Covenant s drivers, as well as the operations center. The operations center consists of the national dispatch center, a customer call center and a driver training center.
Chattanooga is one of the largest cities in Tennessee and the seat of Hamilton County. It is located in Southeast Tennessee on the Tennessee River, near the border of Georgia. The city of Chattanooga is ideally located between Knoxville, TN; Nashville, TN and Atlanta, GA and is served by three major interstates.
More than seventy motor freight lines are certified to transport interstate shipments in the Hamilton County area and the county is home to two of the top ten publicly traded truckload companies.
Map of 400 Birmingham Highway, Chattanooga, TN 37419 (Hamilton County)
Created 5/12/2006
Additional Information for 400 Birmingham Highway, Chattanooga, TN 37419
- Active For Sale - 0 Listing
- Active For Lease - 0 Listing
- Previously Listed - 2 Historic Listings
- Sales Comparables Available - 2 RecentSales Records
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.