This property is Off-Market
141 Hillcrest Drive
Clarksville, TN 37043 ·
25,262 SF · Office For Sale
|Building Size||25,262 SF||No. Stories||1|
|Property Type||Office||Building Class||B|
|Property Sub-type||Medical Office||Tenancy||Single|
|Property Use Type||Net Lease Investment with 8 years left on lease||Year Built||1990|
|Commission Split||1.5%||Lot Size||3.27 AC|
|Cap Rate||8.25%||Parking Ratio||6.40 / 1,000 SF|
|Listing ID: 16567222||Date Created: 02/10/2010||Last Updated: 12/10/2010|
ABSOLUTE NNN LEASE. No LL responsibilities. Rent increases 2% annually. Tenant spending $700K in improvements. Tennessee Orthopaedic Alliance (TOA) has approximately 16 offices scattered throughout middle TN with approximately 80 physicians. TOA is the largest orthopaedic group in TN.
Clarksville, TN. Home of the 101st Airborne.
- ABSOLUTE NNN LEASE
- 2% Annual Rent Bumps
- Tenant spending 700K in improvements
- 8 years left on a ten year lease
- Current rent psf is $9.64 which is well below market rent!
- Rent adjusts to market rent at each of the 3 three-year renewal option.
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