Oreck Space -- Hamilton Point Shopping Center, anchored by Mattress Firm
7200 Shallowford Rd at I-75 North Bound Exit Ramp, Chattanooga, TN 37421
Contact: Ken Spann 423-238-7618; 423-505-6750; Jake Spann 423-505-7619
The 3,250sf Oreck space will soon be available for lease in the Hamilton Point Shopping Center, anchored by Mattress Firm at the I-75 North Exit Ramp and located at the entrance to Hamilton Place Mall, Chattanooga, TN. The center sits atop a knoll, almost like an island, at the intersection of three of the busiest roads in the Chattanooga area. It provides excellent exposure to the I-75 Northbound exit ramp, signage for East and Westbound Shallowford Road traffic, and, to Northbound Hamilton Place Blvd traffic. It is one of the most outstanding locations in Chattanooga area.
Listed below is a quick review of our tenants. Most have been in the center for an extended period and all have renewed their Lease at least once. The existing tenants are:
Mattress Firm:
National company with thousands of stores nationally, headquartered in Houston, TX. This was the flagship store for prior co-owner of Atlanta Mattress Firm franchisee who sold his Atlanta Mattress Firm Franchise and later, again as co-owner, opened this Chattanooga Location as the first store for this and other East Tennessee Northeast Alabama locations. He has now sold this group of stores to Mattress Firm corporate. Mattress store location since 1996.
Check Into Cash:
National chain headquartered in Cleveland, TN. This is their flagship opened in 1998 and one of their best stores. Used this location to film one of their television commercials.
Oreck:
Previously, one of the Top Producing Oreck stores in the country. Tenant since 1996. Original owner, age 83, has sold to a new owner who is downsizing and moving to another location.
One Price Dry Cleaning:
Tenant since 1993
Avail Vapor
Newest tenant leased in 2014. This is one of their best stores. They have renewed their lease.
Doctor’s Diet
This location is one of the top producing locations of Doctor’s Diet about 40 stores. Doctor’s Diet moved into this space in 2013 from another Mall area location when this location became available. Prior tenant was Cricket Dealer for six years. Cricket Corporate required their dealers to close and consolidate stores. Cricket specifically required the dealer to close this location as it overlapped with a nearby Hwy 153 & Lee Hwy Cricket Corporate store.
Listed below are the Lease terms for the Oreck Suites 103, 104 & 105 in the Hamilton Point Shopping Center, 7200 Shallowford Road at I-75, Chattanooga, TN 37421.
Square feet:
Approximately 3250 square feet composed of three suites. Desire not to sub-divide, but, if circumstances warrant, would consider separating two suites for a tenant thereafter leaving one smaller suite left to lease.
Term:
3 years
Minimum Annual Rent:
Mid-twenties. These terms are based upon your prospect’s acceptance of the space in “as is” condition. Any improvements (ceiling, lighting, flooring, painting, any interior walls, etc.) to the leased space would be at your prospect’s expense. Occupancy would be immediately after Oreck vacates the space, expected to be in October or November.
Percentage Rent:
None
Taxes, Center Insurance and other Common Charges:
In addition to normal common charges, this charge includes many items Tenant normally pays for individually. Landlord bundles, pays for and annually reconciles these services as a cost savings and convenience for Tenant: Gas heat utilities, Water, Dumpster, Pesticide spraying, and HVAC cleaning & filter change for the proposed space. Pro-rata total taxes, center insurance, normal common charges and with additional common charges as noted included estimated at $6.50 annually.
Signage:
Typical store front sign band signage as approved by architect and landlord.
Pylon sign - $500/ year per slot. Oreck currently has two slots for the three suites.
Security Deposit:
To be determined based upon Lessee’s credit rating.
Please note this is leasing information only, and, is not an offer to lease nor reservation of space. Suites 103, 104 & 105 are currently leased and this proposal is contingent upon the successful termination of the existing Lease with the current tenant, and, the current tenant vacating the space. No Lease shall exist until financial statements have been submitted and approved by Office Properties, and, an Office Properties Lease document is fully executed by both Lessee and Lessor.
Contact: Ken Spann 423-238-7618; 423-505-6750; Jake Spann 423-505-7619
