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| Price $12,123,187 | Built/Renov 1971 | Tenant West Tennessee Healthcare |
| Cap Rate 8.00% | Lease Type
NN+ | Guarantor Corp Rated |
| Size/SF
54,835
| Lease Start
09-01-2022
| #Units
90
|
| Price/SF $221.08 | Expiration
08-31-2032
| Tenant Type Medical/Health |
| NOI $969,855 | R. Term 7.9 | Ownership Fee Simple |
| Rent/SF
$17.69
| Increases 2.0%/1/yrs | Pop 5Mi 69,301 |
| Lot/AC 3.70 | Options 2/5yrs/2% | AHHI 5Mi $76,971 |
| | |
The asset is strategically located on Highway 45 Bypass, with access to 48,193 vehicles passing by daily. It is surrounded by well-known national tenants, including Burger King, Walmart, Sam’s Club, Taco Bell, McDonald’s, and more. Key educational institutions within a 3-mile radius include North Parkway Middle School, Lincoln Elementary School, Jackson Central-Merry Early College High, among...
...Dense retail corridor
Near major nationals
Strategically located
Highway location
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...
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
