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805 N Parkway
Jackson, TN 38305

$10,252,280 USD

Medical For Sale  •  42,576 SF

Property Details

  • Property Type Medical
  • Total Building Size 40,576 SF
  • Lot Size 2.98 AC
  • Building Class B
  • Year Built 1993
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning C
0 Transit Score
49 Walk Score

Highlights

West Tennessee Healthcare Inc, a Leading Healthcare Provider in the Region, Operates a Robust Network of Ninety (90) Hospitals
This Investment Offers Approximately 8 Years Remaining on the Initial Lease Term, Providing Investors With a Stable, Long-Term Income
Annual Rental Increases of 2% in Both the Primary & Option Terms Ensuring Steady Growth in Net Operating Income (NOI)
Landlord Responsibilities Are Limited to Roof and Structure, Minimizing Operational Burden and Maintenance Costs For the Landlord
Healthcare Properties Are Considered Resilient Investments, as They Are Less Affected By Economic Downturns
West Tennessee Healthcare is Committed to Delivering High-Quality Care and Has a Strong Track Record of Operational Excellence
Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
West Tennessee Healthcare, Inc. 40,576 SF 8/31/2032

Amenities

  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 112
Type: Surface
Included in Rent: Yes
Stratton Greig 512-910-2665 Sands Investment Group Austin, LLC
Stratton Greig 512-910-2665 Sands Investment Group Austin, LLC