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| Price $4,091,210 | Built/Renov 1986 | Tenant West Tennessee Healthcare |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Corp Rated |
| Size/SF
16,192
| Lease Start
09-01-2022
| #Units
90
|
| Price/SF $252.67 | Expiration
08-31-2032
| Tenant Type Medical/Health |
| NOI $286,384 | R. Term 7.9 | Ownership Fee Simple |
| Rent/SF
$17.69
| Increases 2.0%/1/yrs | Pop 5Mi 67,760 |
| Lot/AC 1.53 | Options 2/5yrs/2% | AHHI 5Mi $72,081 |
| | |
The asset is strategically located on Conrad Drive, with access to 48,193 vehicles passing by daily. It is surrounded by well-known national tenants, including Aldi, Dunkin', IHOP, Starbucks, Chick-fil-A, and more. Nearby housing complexes include Bradford Chase Apartment Homes, Hartland Place Apartments, among others. The 5-mile trade area supports a population of 67,760 residents with an...
...Build to suit
Dense retail corridor
Near major nationals
Strategically located
Freeway close
Income tax free state
Favorable NN+ lease
Annual rent increases
Corporate Guarantee
Credit rated company
West Tennessee Health Care is a public, not-for-profit, multi-specialty healthcare provider with 90 different hospitals and medical centers serving more than half a million patients a year across...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
