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APEX CARDIOLOGY | 7.5% Cap | 10 Yr Abs NNN 557 W Park Pl

3,816 SF 100% Leased Office Building Henderson, TN 38340 $1,781,000 ($467/SF) 7.50% Cap Rate

Medical Offices Tennessee Henderson 557 W Park Pl, Henderson, TN 38340

Investment Highlights

  • Medical Office Building: Healthcare Real Estate has a strong reputation as a favorable asset due to the tenants’ tendency towards long-term lease.
  • Advantageous Return: At a 7.50% return, this investment provides an attractive return which is necessary in today’s interest rate environment.
  • Income Tax Free State: Tennessee is one of the nine states with no income taxes, making this asset highly favorable from increased.
  • Annual Rental Increases: Maintain growth of your investment dollars by hedging against inflation with annual rental increases.
  • Passive Ownership: Maintain a “hands-off” approach with the absolute NNN lease included with this asset.
  • Easily Accessible: Apex Cardiology is easily accessible, just off US Route 45, with a ground level entrance and immediate parking.

Executive Summary

Broker of Record
Hutt Cooke
License No. 263667 (TN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
3,816 SF
Building Class
C
Year Built/Renovated
1995/2019
Price
$1,781,000
Price Per SF
$467
Cap Rate
7.50%
NOI
$133,575
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
4,336 SF
Building FAR
0.22
Lot Size
0.40 AC

Amenities

  • Wheelchair Accessible

Links

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PROPERTY TAXES

Parcel Number 033O-B-009.00 Improvements Assessment $0
Land Assessment $0 Total Assessment $78,880

PROPERTY TAXES

Parcel Number
033O-B-009.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$78,880
(470) 242-0547

Contacts

  • Listing ID: 34302074

  • Date on Market: 12/27/2024

  • Last Updated:

  • Address: 557 W Park Pl, Henderson, TN 38340

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APEX CARDIOLOGY | 7.5% Cap | 10 Yr Abs NNN | 557 W Park Pl
(470) 242-0547 x

APEX CARDIOLOGY | 7.5% Cap | 10 Yr Abs NNN | 557 W Park Pl

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Ryan Burke

(470) 242-0547

(470) 242-0547

Michael Moreno

(949) 432-4511

(949) 432-4511

Rahul Chhajed

(818) 434-1106

(818) 434-1106

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