805 N Parkway - Medical FOR SALE
Jackson, TN 38305 |
$9,898,745 USD
512-910-2665
805 N Parkway
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% in Both the Primary & Option Terms Ensuring 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 Less Affected By Economic Downturns
- West Tennessee Healthcare is Committed to Delivering High-Quality Care and Has a Strong Track Record of Operational Excellence
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 40,576 SF West Tennessee Healthcare, Inc Located at 805 North Parkway in Jackson, TN. This Investment Offers Approximately 8-Years Remaining on the Initial Lease Term, Providing Investors With a Stable, Long-Term Income Stream, 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
$9,898,745 USD
PRICE/SF
$232 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
West Tennessee Healthcare, Inc (Legal and IT)
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
ADD'L SUBTYPES
Drug Store, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
112
LAND DETAILS
LAND ACRES
2.98 AC
LAND SF
129,809 SF
ZONING
C
APN/PARCEL ID
066D-C-006.02,066D-C-006.03,066D-C-006.05
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
512-910-2665
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
Please correct the highlighted field(s).
512-910-2665
By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.
