West Tennessee Healthcare, Inc (Legal and IT) | 805 N Parkway
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West Tennessee Healthcare, Inc (Legal and IT) 805 N Parkway
40,576 SF Office Building Jackson, TN 38305 $9,898,745 ($244/SF) 7.25% 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% in Both the Primary & Option Terms Ensuring Steady Growth in Net Operating Income (NOI)
- Healthcare Properties Are Considered Resilient Investments, as They Are Less 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 of Operational Excellence
EXECUTIVE SUMMARY
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
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
40,576 SF
Building Class
B
Year Built
1993
Price
$9,898,745
Price Per SF
$244
Cap Rate
7.25%
NOI
$717,659
Tenancy
Single
Building Height
1 Story
Typical Floor Size
40,576 SF
Building FAR
0.31
Lot Size
2.98 AC
Opportunity Zone
Yes
Zoning
C - zoned for commercial use
Parking
112 Spaces (2.76 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- West Tennessee Healthcare, Inc.
- Health Care and Social Assistance
- 40,576 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 | 40,576 SF | $17.69 | Double Net | Aug 2032 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,511,400 | |
| Land Assessment | $258,920 | Total Assessment | $1,770,320 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$258,920
Improvements Assessment
$1,511,400
Total Assessment
$1,770,320
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 (Legal and IT) | 805 N Parkway
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