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

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

PROPERTY TAXES

  • Listing ID: 33741445

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 905 Clingan Ridge Dr NW, Cleveland, TN 37312