Sold Subscription Required
| Price $10,252,280 | Built/Renov 1993 | Tenant West Tennessee Healthcare | Legal & IT |
| Cap Rate 7.00% | Lease Type
NN+ | Guarantor Corp Rated |
| Size/SF
40,576
| Lease Start
09-01-2022
| #Units
90
|
| Price/SF $252.67 | Expiration
08-31-2032
| Tenant Type Medical/Health |
| NOI $717,659 | R. Term 7.8 | Ownership Fee Simple |
| Rent/SF
$17.69
| Increases 2.0%/1/yrs | Pop 5Mi 68,625 |
| Lot/AC 2.98 | Options 2/5yrs/2% | AHHI 5Mi $72,853 |
| | |
The asset is strategically located on North Parkway, with access to 16,254 vehicles passing by daily. The property is surrounded by well-known national tenants, including Burlington, JCPenney, Rainbow, Papa John's, Burger King, and more. Key educational institutions nearby include North Side High School, Skyline High School. North Middle School, among others. The 5-mile trade area supports a...
...Dense retail corridor
Near major nationals
Strategically located
Freeway 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...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 6,408 | 39,589 | 66,711 |
| 2023 Total Population : | 6,514 | 40,070 | 67,066 |
| 2023 Employed Civilian Pop : | 2,780 | 15,498 | 27,718 |
| 2023 Total Businesses : | 407 | 2,692 | 3,472 |
| 2023 Average Household Income : | $ 79,938 | $ 66,375 | $ 73,196 |
| 2023 Total Consumer Spending : | $ 201 M | $ 940 M | $ 1723 M |
| 2023 Median Age : | 39 | 36 | 37 |
| 2023 Total Households : | 2,882 | 16,134 | 26,985 |
| 2023 Pop Age 25+: Bachelor's Degree : | 861 | 4,573 | 8,141 |
| 2023 Average Home Value : | $ 201,830 | $ 210,548 | $ 222,144 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Rutledge Pl | 2022 | 12,475 | 0.07 mi | |
| North Pkwy | Rutledge Pl | 2012 | 11,783 | 0.07 mi |
| N JACKSON | Birchwood Ln | 2019 | 7,785 | 0.26 mi |
| North Highland Avenue | Pine Tree Dr | 2022 | 21,732 | 0.26 mi |
| US 45 | Old Hickory Blvd | 2021 | 21,907 | 0.26 mi |
| JACKSON | Old Hickory Blvd | 2019 | 16,443 | 0.29 mi |
| Old Hickory Boulevard | Greenfield Dr | 2022 | 7,539 | 0.30 mi |
| Old Hickory Boulevard East | North Pkwy | 2022 | 7,057 | 0.41 mi |
| OLD HICKORY BLVD. E. | North Pkwy | 2021 | 6,899 | 0.41 mi |
| Russell Road | Northland Dr | 2022 | 2,557 | 0.54 mi |
Jackson, TN
Cap Rate 6.25%
Lease NN+
R. Term 8.50 yrs
Size/SF 40,576
Philadelphia, PA
Cap Rate 6.88%
Lease Abs NNN
R. Term 15.30 yrs
Size/SF 6,500
Hilo, HI
Cap Rate 7.50%
Lease Abs NNN
R. Term 18.30 yrs
Size/SF 10,667
New Braunfels, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 8.40 yrs
Size/SF 18,855
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
