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| Price $1,681,000 | Built/Renov 2003 | Tenant West Tennessee Healthcare | Behavioral Services |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Corp Rated |
| Size/SF
6,653
| Lease Start
09-01-2022
| #Units
90
|
| Price/SF $252.67 | Expiration
08-31-2032
| Tenant Type Medical/Health |
| NOI $117,670 | R. Term 7.9 | Ownership Fee Simple |
| Rent/SF
$17.69
| Increases 2.0%/1/yrs | Pop 5Mi 70,402 |
| Lot/AC 3.40 | Options 2/5yrs/2% | AHHI 5Mi $76,147 |
| | |
The asset is strategically located on Directors Row, with access to 34,096 vehicles passing by daily. The surrounding area features well-known national tenants, including Dollar General, Waffle House, Taco Bell, Planet Fitness, Tractor Supply, and more. The property's excellent connectivity is further enhanced by its proximity to I-40, which sees 51,676 VPD. Additionally, it is conveniently...
...Dense retail corridor
Near major nationals
Strategically located
Highway close
Income tax free state
Favorable NN+ lease
Annual rent increases
Corporate Guarantee
Investment grade tenant
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]
