470-242-0547
1905 American Way, Kingsport, TN for Sale
Medical - FOR SALE
1/7
null | Request Cap Rate

1905 American Way
Kingsport, TN 37660


HIGHLIGHTS

  • Health System HQ – Medical operators are known for being stable tenants with long term tenancy
  • Annual Rental Increases– Maintain growth of your investment dollars by hedging against inflation with 3%, 5%, and 20% annual increases
  • Sticky Tenancy – This location is pivotal for Ballad Health as it houses their C-suite executives and data center for the Health System
  • Credit Anchor Tenant – Ballad Health has an A rating with Fitch, Moody's, and S&P Global due to its improved quality and lower costs
  • Income Tax Free State – Tennessee is one of the nine states with no personal income tax
  • Easily Accessible – Located at the intersection of US Hwy 11W and John B Dennis Hwy, this location is easily accessible from surrounding states

OVERVIEW

RI MARKETPLACE ONLINE AUCTION FEB 10-12 Matthews Healthcare Division, in conjunction with RealINSIGHT Marketplace, is please to offer to qualified investors the 50,000 SF office building in Kingsport, TN anchored by Ballad Health as their central headquarters. Ballad is a credit rated (A3 Moody’s) Health System serving 29 counties in the tri-state area and currently occupies nearly 86% of the subject property. Two Ballad Hospitals are within 2.5 miles from this property and adjacent to the intersection of two major highways, providing easy navigation and accessibility to the property. Ballad hosts its C-suite and data center at this location, providing a high likelihood of long term tenancy along with it’s strategic location for its network of 20 hospitals. This property will be brought to auction on February 12th, 2025. This is a rare opportunity to acquire a fully occupied asset with above market rental increases in an income tax free state. https://rimarketplace.com/auction/2338/credit-tenant-a3-100-leased-954k-noi?utm_source=costar

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Coming to Auction | Credit Hospital HQ

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Telecom Hotel/Data Hosting, Telecom Hotel/Data Hosting, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

268

LAND DETAILS

LAND ACRES

5.35 AC

LAND SF

233,046 SF

ZONING

C

APN/PARCEL ID

047P-A-005.20

ASK ABOUT THIS PROPERTY

Ryan BurkeMatthews Real Estate Investment ServicesMore Info
470-242-0547

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Ryan BurkeMatthews Real Estate Investment ServicesMore Info
470-242-0547

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.