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

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
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

PROPERTY TAXES

  • Listing ID: 33078235

  • Date on Market: 9/6/2024

  • Last Updated:

  • Address: 805 N Parkway, Jackson, TN 38305