This property is Off-Market

141 Hillcrest Drive
Clarksville, TN 37043 ·

25,262 SF · Office For Sale

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TOA Clarksville

Price N/A Occupancy 100%
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

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.

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.

Research

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

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