557 W Park Pl - Medical FOR SALE
Henderson, TN 38340 |
$1,781,000 USD
470-242-0547
557 W Park Pl
Henderson, TN 38340
HIGHLIGHTS
- Medical Office Building: Healthcare Real Estate has a strong reputation as a favorable asset due to the tenants’ tendency towards long-term lease.
- Annual Rental Increases: Maintain growth of your investment dollars by hedging against inflation with annual rental increases.
- Advantageous Return: At a 7.50% return, this investment provides an attractive return which is necessary in today’s interest rate environment.
- Passive Ownership: Maintain a “hands-off” approach with the absolute NNN lease included with this asset.
- Income Tax Free State: Tennessee is one of the nine states with no income taxes, making this asset highly favorable from increased.
- Easily Accessible: Apex Cardiology is easily accessible, just off US Route 45, with a ground level entrance and immediate parking.
FOR SALE DETAILS
PRICE
$1,781,000 USD
PRICE/SF
$411 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
APEX CARDIOLOGY | 7.5% Cap | 10 Yr Abs NNN
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Convenience Store, Drug Store, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.4 AC
LAND SF
17,424 SF
ZONING
-
APN/PARCEL ID
033O-B-009.00
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470-242-0547
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470-242-0547
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