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West Tennessee Healthcare 1270 Union University Dr 11,970 SF Office Building Jackson, TN 38305 $3,726,000 ($311.28/SF) 7.10% Cap Rate
Investment Highlights
- • Investment Grade Healthcare Tenant (S&P: BBB+ | Moody's: A3)
- • Mission-Critical Medical Facility Occupied Since 2017 with Tenant Expansion in and Additional $1M Capital Investment 2022
- • Tennessee Benefits from No State Income Tax and Continued Population Growth
- • True NNN Lease Structure – Tenant Responsible for Taxes, Insurance, Maintenance, HVAC, Utilities and Parking Lot
- • 4.6 Years Remaining on Primary Lease Term with Two (5-Year) Renewal Options at Market Rent
- • Located Adjacent to West Tennessee Healthcare's North Campus within the Region's Dominant Medical Corridor
Executive Summary
Riverwest Real Estate Group is pleased to exclusively offer for sale the West Tennessee Healthcare outpatient medical facility located at 1270 Union University Drive in Jackson, Tennessee.?
This single-tenant net lease investment is leased to West Tennessee Healthcare, one of the largest and most respected not-for-profit healthcare systems in the United States.? The tenant is supported by Jackson-Madison County General Hospital, carrying investment-grade credit ratings of BBB+ from S&P and A3 from Moody's.? West Tennessee Healthcare operates a regional network of hospitals, outpatient facilities, and medical providers serving a 17-county area throughout West Tennessee.?
The property consists of approximately 11,970 square feet situated on ±1.30 acres and was originally constructed in 2018.? The facility serves as a mission-critical outpatient location for the healthcare system and has demonstrated strong tenant commitment through expansion in 2020 and an additional $1 million investment in tenant improvements in 2022.?
Investors benefit from a passive NNN lease structure with limited landlord responsibilities and an attractive 7.10% cap rate.? The tenant is responsible for taxes, insurance, maintenance, utilities, HVAC, and parking lot expenses, providing stable and predictable cash flow.?
Strategically positioned within Jackson's primary retail and healthcare corridor, the property enjoys exceptional visibility and accessibility near Interstate 40, Union University, and West Tennessee Healthcare's North Campus.? The surrounding area is anchored by national retailers including Target, Kroger, Academy Sports, Petco, T.?J.? Maxx, Burlington, Starbucks, McDonald's, Walgreens, and numerous medical users, creating a highly desirable investment location.?
This offering presents the rare opportunity to acquire an investment-grade healthcare asset backed by a dominant regional healthcare provider in a growing Tennessee market, combining durable income, strong tenant credit, and long-term real estate fundamentals.?
This single-tenant net lease investment is leased to West Tennessee Healthcare, one of the largest and most respected not-for-profit healthcare systems in the United States.? The tenant is supported by Jackson-Madison County General Hospital, carrying investment-grade credit ratings of BBB+ from S&P and A3 from Moody's.? West Tennessee Healthcare operates a regional network of hospitals, outpatient facilities, and medical providers serving a 17-county area throughout West Tennessee.?
The property consists of approximately 11,970 square feet situated on ±1.30 acres and was originally constructed in 2018.? The facility serves as a mission-critical outpatient location for the healthcare system and has demonstrated strong tenant commitment through expansion in 2020 and an additional $1 million investment in tenant improvements in 2022.?
Investors benefit from a passive NNN lease structure with limited landlord responsibilities and an attractive 7.10% cap rate.? The tenant is responsible for taxes, insurance, maintenance, utilities, HVAC, and parking lot expenses, providing stable and predictable cash flow.?
Strategically positioned within Jackson's primary retail and healthcare corridor, the property enjoys exceptional visibility and accessibility near Interstate 40, Union University, and West Tennessee Healthcare's North Campus.? The surrounding area is anchored by national retailers including Target, Kroger, Academy Sports, Petco, T.?J.? Maxx, Burlington, Starbucks, McDonald's, Walgreens, and numerous medical users, creating a highly desirable investment location.?
This offering presents the rare opportunity to acquire an investment-grade healthcare asset backed by a dominant regional healthcare provider in a growing Tennessee market, combining durable income, strong tenant credit, and long-term real estate fundamentals.?
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
11,970 SF
Building Class
A
Year Built/Renovated
2018/2022
Price
$3,726,000
Price Per SF
$311.28
Cap Rate
7.10%
NOI
$264,537
Tenancy
Single
Building Height
1 Story
Typical Floor Size
11,970 SF
Building FAR
0.16
Lot Size
1.73 AC
Zoning
SC-1
Parking
50 Spaces (4.18 Spaces per 1,000 SF Leased)
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- West Tennessee Healthcare
- Health Care and Social Assistance
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| West Tennessee Healthcare | Health Care and Social Assistance | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 057044 05031 | Improvements Assessment | $669,200 |
| Land Assessment | $287,320 | Total Assessment | $956,520 |
Property Taxes
Parcel Number
057044 05031
Land Assessment
$287,320
Improvements Assessment
$669,200
Total Assessment
$956,520
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West Tennessee Healthcare | 1270 Union University Dr
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