50 Taylor Ave - Medical FOR SALE


Huntingdon, TN 38344
$2,201,769 USD
918-794-9787
50 Taylor Ave, Huntingdon, TN for Sale
$2,201,769 USD
Medical - FOR SALE
1/5
null | 6.45% Cap Rate

50 Taylor Ave
Huntingdon, TN 38344


HIGHLIGHTS

  • No Early Termination or Kick-Out Clause
  • Leading Operator with Strong Guarantee
  • Growing Industry Insulated from Macroeconomic Changes
  • New Prototype Design
  • Long-Term, Passive Lease with Rent Growth
  • Strong Demographics in Tourist Area

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the building of a single-tenant medical office facility located in Huntingdon, Tennessee (the "Property"). The Property consists of 2.94 acres and a one-story, 6,464-square-foot medical office building that was built-to-suit in 2022 to the exact specifications of the Tenant. The Property is located along East Main Street in the center of Huntingdon where approximately 10k vehicles pass per day. There are approximately 15,000 in population in a ten-mile radius with an average household income in excess of $68,000 annually. The Tenant recently completed a comprehensive ground-up build-to-suit to the exact standards of its brand-new prototype that is at the top end of the kidney care industry from a patient-quality and energy-efficiency design standard. The initial term of the lease is for fifteen (15) years and will feature three (3), five (5) year renewal options. In Assocation With: Jeff McKinney - Tennessee Lic. #241553

FOR SALE DETAILS

PRICE

$2,201,769 USD

PRICE/SF

$341 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DaVita, Inc.

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.94 AC

LAND SF

128,066 SF

ZONING

00

APN/PARCEL ID

073L-G-008.00

ASK ABOUT THIS PROPERTY

Scott BriggsNorthmarqMore Info
918-794-9787

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Scott BriggsNorthmarqMore Info
918-794-9787

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