1747 Medical Center Pky
Murfreesboro, TN 37129
Gateway II · Office Property For Sale

Acting as exclusive marketing advisor on behalf of the property owner, Foundry Commercial is pleased to offer to qualified investors the opportunity to acquire Gateway Medical Plaza II (the “Property” or “GMP2”), a 44,201 SF, 88.9% leased Class A medical office building located adjacent to Saint Thomas Rutherford Hospital in Murfreesboro, Tennessee which is a high-growth part of the thriving greater Nashville MSA. The offering of Gateway Medical Plaza II presents the opportunity for investors to acquire a stable income-producing property with upside potential via rising rental rates and the lease up of two vacant suites. The Property has six established medical tenants and offers an excellent Weighted Average Lease Term of 7.1 years. GMP2 is well located, benefitting from its immediate proximity to Saint Thomas Rutherford Hospital which was constructed in 2010 and contains 286 beds and 320 affiliated physicians. In order to better serve the needs of this rapidly growing market, the hospital is currently undergoing a significant expansion project with the addition of 72 new hospital beds and four new operating rooms to be completed by mid-2020 for an estimated $82 million. The Property also benefits from its central location in Murfreesboro, TN which is the county seat of Rutherford County, one of the fastest growing counties in the United States. Rutherford County, with a population of 321,000, also happens to be at the geographic center of the state of Tennessee and is a significant contributor to the Nashville MSA’s meteoric rise to national prominence as one of hottest real estate markets in the country.