Historical Office Sale Listing - TOA Clarksville

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TOA Clarksville

141 Hillcrest Drive, Clarksville, TN 37043

N/A

25,262 SF | Office

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Office Property - Off Market

Price:
N/A
Building Size:
25,262 SF
Property Type:
Office
Property Sub-type:
Medical Office
Property Use Type:
Net Lease Investment with
8 years left on lease
Commission Split:
1.5%
Cap Rate:
8.25%
Occupancy:
100%
No. Stories:
1
Building Class:
B
Tenancy:
Single
Year Built:
1990
Lot Size:
3.27 AC
Parking Ratio:
6.40 / 1,000 SF
Listing ID
16567222
Last Updated
over 1 year ago

Highlights

  • 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.

Description

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.

Map of 141 Hillcrest Drive, Clarksville, TN 37043 (Montgomery County)

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