1804 Highway 45 Byp - Medical FOR SALE
Jackson, TN 38305 |
$11,755,818 USD
512-910-2665
1804 Highway 45 Byp
Jackson, TN 38305
HIGHLIGHTS
- West Tennessee Healthcare Inc, a Leading Healthcare Provider in the Region, Operates a Robust Network of Ninety (90) Hospitals
- This Investment Offers Approximately 8 Years Remaining on the Initial Lease Term, Providing Investors With a Stable, Long-Term Income
- Annual Rental Increases of 2% During Both the Primary Term and Option Periods Ensures Steady Growth in Net Operating Income (NOI)
- Landlord Responsibilities Are Limited to Roof and Structure, Minimizing Operational Burden and Maintenance Costs For the Landlord
- Healthcare Properties Are Considered Resilient Investments, as They Are Affected By Economic Downturns
- West Tennessee Healthcare is Committed to Delivering High-Quality Care and Has a Strong Track Record Excellence
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 54,835 SF West Tennessee Healthcare, Inc. located at 1804 Highway 45 Bypass in Jackson, TN. This Deal Includes 2% Annual Rental Increases, During Both the Primary Term and Option Periods, Which Ensures a Steady Growth in Net Operating Income (NOI) and Protects Against Inflation, Providing For a Secured Investment.
In Cooperation With Sands Investment Group Tennessee, LLC Lic. #263973 BoR: Tom Gorman Lic. TN #370394
FOR SALE DETAILS
PRICE
$11,755,818 USD
PRICE/SF
$214 USD /SF
CAP RATE
8.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
West Tennessee Healthcare, Inc - Jackson, TN
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Drug Store, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
6
BUILDING CLASS
C
YEAR BUILT
1971
SPRINKLERS
-
PARKING SPACES
252
LAND DETAILS
LAND ACRES
3.7 AC
LAND SF
161,172 SF
ZONING
-
APN/PARCEL ID
055N-D-025.00
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512-910-2665
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512-910-2665
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