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862 Callen Ln NW
Cleveland, TN 37312

$4,729,000 USD

Medical For Sale  •  9,700 SF

Property Details

  • Property Type Medical
  • Total Building Size 9,700 SF
  • Lot Size 1.56 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 6.25 %
  • Tenancy Multiple
  • Zoning PUD
0 Transit Score
47 Walk Score

Highlights

New construction med-tail asset with long-term NNN leases and annual rent increases
Rent is secured by three experienced and successful medical groups that have made large investments and long-term leases
Strategically located .20 miles from I-75 Interchange just off Paul Huff Parkway, the primary commercial thoroughfare serving Cleveland
Tenants reimburse for Taxes, CAM, Insurance and Management fees
Fixed annual rent increases provides hedge against inflation
Brand new building with transferable roof warranty provides ease of ownership and stable cash-flow
Cap Rate: 6.25 %

Public Transportation

AirportDriveWalkDistance
Lovell Field 37 min - 26.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 59
Type: Surface
Included in Rent: Yes
Patrick Wagor 561-427-6699 Atlantic Capital Partners
Patrick Wagor 561-427-6699 Atlantic Capital Partners