West Tennessee Healthcare, Inc - Jackson, TN | 1804 Highway 45 Byp
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West Tennessee Healthcare, Inc - Jackson, TN 1804 Highway 45 Byp
54,835 SF Office Building Jackson, TN 38305 $12,123,187 ($221/SF) 8% Cap Rate
Investment Highlights
- West Tennessee Healthcare Inc, a Leading Healthcare Provider in the Region, Operates a Robust Network of Ninety (90) Hospitals
- Annual Rental Increases of 2% During Both the Primary Term and Option Periods Ensures Steady Growth in Net Operating Income (NOI)
- Healthcare Properties Are Considered Resilient Investments, as They Are Affected By Economic Downturns
- This Investment Offers Approximately 8 Years Remaining on the Initial Lease Term, Providing Investors With a Stable, Long-Term Income
- Landlord Responsibilities Are Limited to Roof and Structure, Minimizing Operational Burden and Maintenance Costs For the Landlord
- West Tennessee Healthcare is Committed to Delivering High-Quality Care and Has a Strong Track Record Excellence
Executive Summary
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
In Cooperation With Sands Investment Group Tennessee, LLC Lic. #263973 BoR: Tom Gorman Lic. TN #370394
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
54,835 SF
Building Class
C
Year Built/Renovated
1971/2000
Price
$12,123,187
Price Per SF
$221
Cap Rate
8%
NOI
$969,855
Tenancy
Single
Building Height
6 Stories
Typical Floor Size
9,139 SF
Building FAR
0.34
Lot Size
3.70 AC
Opportunity Zone
Yes
Parking
252 Spaces (4.6 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- West Tennessee Healthcare, Inc.
- Health Care and Social Assistance
- 54,835 SF
- $17.69
- Double Net
- Aug 2032
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| West Tennessee Healthcare, Inc. | Health Care and Social Assistance | 54,835 SF | $17.69 | Double Net | Aug 2032 |
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PROPERTY TAXES
| Parcel Number | 055N-D-025.00 | Improvements Assessment | $1,073,000 |
| Land Assessment | $372,960 | Total Assessment | $1,445,960 |
PROPERTY TAXES
Parcel Number
055N-D-025.00
Land Assessment
$372,960
Improvements Assessment
$1,073,000
Total Assessment
$1,445,960
Contacts
-
Stratton Greig -
Thomas Miller -
Austin Marsh -
Will Beightol -
Sykes Cargile -
Thomas Gorman -
Sands Investment Group Austin, LLC
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West Tennessee Healthcare, Inc - Jackson, TN | 1804 Highway 45 Byp
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