Dialysis Care Center 905 Clingan Ridge Dr NW
7,284 SF Office Building Cleveland, TN 37312 $3,890,000 ($534/SF) 5.50% Cap Rate
![905 Clingan Ridge Dr NW, Cleveland, TN for sale - Building Photo - Image 1 of 7](https://images1.loopnet.com/i2/XGgRrKNDnHdKarQ_QDXWIGd2Cj_gLZsqfdCWHzr1ylU/110/905-Clingan-Ridge-Dr-NW-Cleveland-TN-Building-Photo-1-Large.jpg)
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EXECUTIVE SUMMARY
A well-maintained medical office building in Cleveland, TN, fully leased to Dialysis Care Center, a fast-growing national tenant headquartered in Illinois with multiple locations across the U.S. This property features a newly executed 10-year NNN lease, providing secure income with steady annual rent increases. Cleveland’s rapidly growing population and robust economy enhance this asset's long-term value and potential. Ideal for investors seeking stability and growth, this prime property offers the unique benefit of a reputable tenant in the thriving healthcare sector. Don’t miss this exceptional investment opportunity in a high-demand market.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,284 SF
Building Class
B
Year Built
1997
Price
$3,890,000
Price Per SF
$534
Cap Rate
5.50%
NOI
$213,950
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,284 SF
Building FAR
0.11
Lot Size
1.59 AC
Zoning
CH
Parking
41 Spaces (5.63 Spaces per 1,000 SF Leased)
AMENITIES
- Security System
- Signage
- Air Conditioning
1 of 1
PROPERTY TAXES
Parcel Number | 041L-E-001.02 | Improvements Assessment | $241,960 |
Land Assessment | $83,720 | Total Assessment | $325,680 |